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-   -   Capital Assets (https://www.askmehelpdesk.com/showthread.php?t=188243)

  • Feb 25, 2008, 05:02 PM
    Vsf
    Capital Assets
    What would the journal entry be when you purchase a capital asset and payment has not yet been made?
  • Feb 26, 2008, 10:57 AM
    MaggieMouse
    If it carries a note then dr. asset, cr. Notes payable, depends on what the collaterals are.

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