Janus Coat Company Purchased A Delivery Truck On June 1 For 30 000 Paying 10 000 Cash And Signing A 6 2 Month Note 1 (26.55 KiB) Viewed 56 times
Janus Coat Company Purchased A Delivery Truck On June 1 For 30 000 Paying 10 000 Cash And Signing A 6 2 Month Note 2 (19.61 KiB) Viewed 56 times
Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing a 6%, 2-month note for the remaining balance. The truck is expected to depreciate $6,000 each year. Janus Coat Company prepares monthly financial statements. (a) and (b) (a) Use the tabular summary below to record the acquisition of the delivery truck on June 1st. (b) Enter any adjustments that should be made on June 30, using the tabular summary (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45). Do not leave any answer field blank. Enter O for amounts.) Assets Cash Equipment Accum. Depr. Equip Notes (a) June 1 (b) June 30 June 30
(a) Use the tabular summary below to record the acquisition of the delivery truck on June 1st. (b) Enter any adjustments that should be made on June 30, using the tabular summary (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45). Do not leave any answer field blank. Enter O for amounts.) Liabilities Stockholders' Equity Notes Payable Int. Payable Expenses
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