Purchased a new deluxe Van to transport company executives to opening night performances. Total cost $63900. Made a 30% cash payment and obtained a bank loan from the TD bank for the balance. Interest rate is 8.5%
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Purchased a new deluxe Van to transport company executives to opening night performances. Total cost $63900. Made a 30% cash payment and obtained a bank loan from the TD bank for the balance. Interest rate is 8.5%
TD bank is Canadian. But what is your question ?
I have to journalize this transaction
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