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Home > Business & Careers > Accounting   »   Capital Assets

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Old Feb 25, 2008, 04:02 PM
Vsf
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Capital Assets
What would the journal entry be when you purchase a capital asset and payment has not yet been made?

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Old Feb 26, 2008, 09:57 AM   #2  
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If it carries a note then dr. asset, cr. notes payable, depends on what the collaterals are.
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