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    gmw135's Avatar
    gmw135 Posts: 1, Reputation: 1
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    #1

    Apr 10, 2008, 05:10 PM
    Liability Transactions
    How do you journalize the following question?

    May 10 Purchased equipment by issuing a $125,000, 120-day note to Milford Equipment Co. which discounted the note at the rate of 6%.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Apr 11, 2008, 03:22 PM
    Please read the homework guidelines that are in red right at the top of this page:

    https://www.askmehelpdesk.com/financ...-b-u-font.html
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