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Other Fields Homework Help Accounting Topic started by: harra on Sep 20, 2017



Title: Stanton Delivery purchased a truck costing $100,000 on September 3, 2013, by paying $4,000 down and ...
Post by: harra on Sep 20, 2017
Stanton Delivery purchased a truck costing $100,000 on September 3, 2013, by paying $4,000 down and signing a 10%, 180-day note payable for the balance. Stanton's year end is December 31.

1)   Prepare journal entries to:
   a) record the purchase of the truck on September 3, 2013
   b) record the accrual of interest on December 31, 2013
   c) record payment of the note on February 2, 2014

2)   Determine the balance of any current liabilities associated with the note as of December 31, 2013.


Title: Re: Stanton Delivery purchased a truck costing $100,000 on September 3, 2013, by paying $4,000 down ...
Post by: raovatallpy on Sep 20, 2017
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Title: Re: Stanton Delivery purchased a truck costing $100,000 on September 3, 2013, by paying $4,000 down ...
Post by: AnnaFaris on Jan 26, 2020
Thnak you