jtout898
Nov 24, 2006, 08:56 AM
I have a transaction that I know requires me to do more than one thing when recording it into my journal entries. I am doing a Project for my financial Accounting course and I would appreciate any kind of help. Thanks!
Here's the transaction...
Purchased office equipment for $15,600. Paid $3,600 cash with the balance financed with the bank (three-year note payable, interest at 8% APR) The office equipment has a 5-year useful life.
Here's the transaction...
Purchased office equipment for $15,600. Paid $3,600 cash with the balance financed with the bank (three-year note payable, interest at 8% APR) The office equipment has a 5-year useful life.