The firm made a down payment of 5000 cash and signed a long


Question - On February 5, Textron Stores purchased a van that cost $35,000. The firm made a down payment of $5,000 cash and signed a long term note payable for the balance. Show the general journal entry to record this transaction.

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Accounting Basics: The firm made a down payment of 5000 cash and signed a long
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