paid 287600 cash plus 11500 in sales tax and 1500, Cost Accounting

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paid 287600 cash plus 11500 in sales tax and 1500

Paid $287,600 cash plus $11,500 in sales tax and $1,500 in transportation for a new loader. The loader is predictable to have a four-year life and a $20,600 salvage value. Loader costs are recorded in Equipment account. Evaluate what is the journal Entry?

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Cost Accounting: paid 287600 cash plus 11500 in sales tax and 1500

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Cost Accounting: paid 287600 cash plus 11500 in sales tax and 1500

Reference No:- TGS0483779

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