Accounting




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accounting exams









    • CommentAuthorPatrice
    • CommentTimeOct 10th 2008
     
    If a business buys a van $15,000.00 and made a downpayment of $10,000.00 and have balance of $10,000.00 what woul be the journal entries
    • CommentAuthormfargen
    • CommentTimeOct 13th 2008
     
    I would say:

    dr equipment 15000
    dr interest expense 5000
    cr accounts payable 10000
    cr cash 10000