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

    Apr 12, 2012, 02:00 PM
    General journal entry
    On February 5, Textron Stores purchased a van that cost $35,000. The firm made a down payment of $5,000 cash and signed a long-term note payable for the balance. What the general journal entry look like
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    pready Posts: 3,197, Reputation: 207
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    #2

    Apr 12, 2012, 02:48 PM
    Debit Vehicle for 35,000
    Credit Cash for 5,000
    Credit Notes Payable for 30,000
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