Deborah company purchased a production equipment for factory for $50,000 +8% sales taxes Deborah paid $5000 in cash and finance. The rest at 6% requiring 40 equal monthly payment at the end of each month provide the journal entry that must be made on purchase date of the truck Compute the amount of monthly payments provide the journal entry for the second payment of the installment purchase. 
Deborah company purchased a production equipment for factory for $50,000 +8% sales taxes Deborah paid $5000 in cash and finance. The rest at 6% requiring 40 equal monthly payment at the end of each month provide the journal entry that must be made on purchase date of the truck Compute the amount of monthly payments provide the journal entry for the second payment of the installment purchase. 
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Deborah company purchased a production equipment for factory for $50,000 +8% sales taxes Deborah paid $5000 in cash and finance. The rest at 6% requiring 40 equal monthly payment at the end of each month
provide the journal entry that must be made on purchase date of the truck
Compute the amount of monthly payments
provide the journal entry for the second payment of the installment purchase. 
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