Non-interest bearing note Togo Auto purchased several trucks by issuing a $40,000, 4 year, non interest bearing note to Rabat Motors.The market interest rate for this type of transaction is 8%. Property, Plant, and Equipment: Accounting Model Basics 10 - 29 Instructions Prepare the journal entry to record the purchase of these trucks.

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The Answer of Non-interest bearing note Togo Auto purchased several trucks by issuing a $40,000, 4 year, non interest bearing note to Rabat Motors.The market interest rate for this type of transaction is 8%. Property, Plant, and Equipment: Accounting Model Basics 10 - 29 Instructions Prepare the journal entry to record the purchase of these trucks.

Non-Interest Bearing Note Togo Auto Purchased Several Trucks by Issuing