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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problemchavez corporation purchased a truck by issuing an 80000 four-year non-interest-bearing note to equinox inc the
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