Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Math & Sciences (https://www.askmehelpdesk.com/forumdisplay.php?f=402)
-   -   How to journalize this transaction (https://www.askmehelpdesk.com/showthread.php?t=716338)

  • Nov 12, 2012, 08:46 PM
    knb5519
    How to journalize this transaction
    Chow buddies purchased a computer system for 415,000;paid $3,000 down and signed a 1 year 11% note for the balance


    Is it to be journalized as Equpiment 15,000, cash 3,000 and accounts payable at 12,000

  • All times are GMT -7. The time now is 08:10 PM.