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On March 1, 2010, Kilgar Co

Question 17

Multiple Choice

On March 1, 2010, Kilgar Co. purchased an automobile for $31,000, giving a $4,000 down payment. Kilgar signed a 4-year, 8% note and agreed to make payments of $659.15 per month. Which of the following journal entries will Kilgar makes for the first installment payment on April 1, 2010?


A) On March 1, 2010, Kilgar Co. purchased an automobile for $31,000, giving a $4,000 down payment. Kilgar signed a 4-year, 8% note and agreed to make payments of $659.15 per month. Which of the following journal entries will Kilgar makes for the first installment payment on April 1, 2010? A) B) C) D) E)

B) On March 1, 2010, Kilgar Co. purchased an automobile for $31,000, giving a $4,000 down payment. Kilgar signed a 4-year, 8% note and agreed to make payments of $659.15 per month. Which of the following journal entries will Kilgar makes for the first installment payment on April 1, 2010? A) B) C) D) E)
C) On March 1, 2010, Kilgar Co. purchased an automobile for $31,000, giving a $4,000 down payment. Kilgar signed a 4-year, 8% note and agreed to make payments of $659.15 per month. Which of the following journal entries will Kilgar makes for the first installment payment on April 1, 2010? A) B) C) D) E)
D) On March 1, 2010, Kilgar Co. purchased an automobile for $31,000, giving a $4,000 down payment. Kilgar signed a 4-year, 8% note and agreed to make payments of $659.15 per month. Which of the following journal entries will Kilgar makes for the first installment payment on April 1, 2010? A) B) C) D) E)
E) On March 1, 2010, Kilgar Co. purchased an automobile for $31,000, giving a $4,000 down payment. Kilgar signed a 4-year, 8% note and agreed to make payments of $659.15 per month. Which of the following journal entries will Kilgar makes for the first installment payment on April 1, 2010? A) B) C) D) E)

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