Chavez corporation purchased a truck by issuing an 80000
Problem
Chavez Corporation purchased a truck by issuing an $80,000, four-year, non-interest-bearing note to Equinox Inc. The market interest rate for obligations of this nature is 12%. Prepare the journal entry to record the truck purchase.
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the following items are taken from the financial statements of bgs company for 2012cash 500000accounts receivable
problemchavez corporation purchased a truck by issuing an 80000 four-year non-interest-bearing note to equinox inc the
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rebecca is a calendar-year taxpayer who operates a business she made the following business-related expenditures in
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