Iamlet College recently purchased new computing equipment for its library. The following information refers to the pu nd installation of this equipment. . The list price of the equipment was $285,00o; however, Hamlet College qualified for an "education discount" of $25 paid $50,000 cash for the equipment, and issued a three-month, 9 percent note payable for the remaining balance. ?

Iamlet College recently purchased new computing equipment for its library. The following information refers to the pu nd installation of this equipment. . The list price of the equipment was $285,00o; however, Hamlet College qualified for an "education discount" of $25 paid $50,000 cash for the equipment, and issued a three-month, 9 percent note payable for the remaining balance. ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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