On January 1,2010,Trenton Company purchased a machine costing $50,000.Trenton also incurred the following costs:
transportation,$1,000; installation,$2,000; and sales tax,$3,000.Prepare the journal entry to record the machine acquisition assuming cash was paid.

Question

On January 1,2010,Trenton Company purchased a machine costing $50,000.Trenton also incurred the following costs:
 transportation,$1,000; installation,$2,000; and sales tax,$3,000.Prepare the journal entry to record the machine acquisition assuming cash was paid.

Quizplus · Accepted Answer

The Answer of On January 1,2010,Trenton Company purchased a machine costing $50,000.Trenton also incurred the following costs:
 transportation,$1,000; installation,$2,000; and sales tax,$3,000.Prepare the journal entry to record the machine acquisition assuming cash was paid.

On January 1,2010,Trenton Company Purchased a Machine Costing $50,000