On February 5,Kirkland Co.purchased equipment that cost $35,000.The firm paid $5,000 cash and signed a long-term note payable for $30,000.Show the general journal entry to record this transaction.

Question

Quizplus · Accepted Answer

The Answer of On February 5,Kirkland Co.purchased equipment that cost $35,000.The firm paid $5,000 cash and signed a long-term note payable for $30,000.Show the general journal entry to record this transaction.