Prepare the journal entry to record the purchase of this


1. Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero interest-bearing notes to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck. 

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Accounting Basics: Prepare the journal entry to record the purchase of this
Reference No:- TGS01495946

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