paris102
Apr 4, 2007, 05:45 PM
Question: How do I journalize this entry.
Purchased for $180,000 all of the equipment formerly owned by Rent-It. Paid $70,000 cash and issued a one year note payable for $110,000,plus interest at the annual rate of 9%.:confused:
Purchased for $180,000 all of the equipment formerly owned by Rent-It. Paid $70,000 cash and issued a one year note payable for $110,000,plus interest at the annual rate of 9%.:confused: