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Business, 13.06.2020 17:57 letdou2670

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. Prepare the general journal entry to record the acquisition of the delivery truck on June 1st. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing...
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