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  • Feb 13, 2009, 01:48 PM
    fpalmer
    Vehicle Purchase
    How do I account for the purchase and financing of a vehicle over five years
  • Feb 13, 2009, 05:42 PM
    pready

    Debit Vecicle for the amount
    Creedit Cash for the amount of down payment(if any)
    Credit Notes payable for the amount of the loan

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