Question

Prepare a journal entry for the purchase of a truck on April 4 for $73,000, paying $5,000 cash and the remainder on account.

If an amount box does not require an entry, leave it blank.

April 4

OPTIONS, theres a drop down selection in the actual question

Accounts payable, cash, equipment expense, notes payable, or truck
Accounts receivable, cash, common stock, equipment, or equipment expense,
Accounts payable, accounts receivable, equipment, equipment expense, or retained earnings

Answer 1

Ans)-

General Journal (for 4^th april)

Date	Particulars	LF	Dr. (in $)	Cr. (in $)
1.	Truck A/C                  Dr.               To Cash A/c                                                          To Notes payable A/C      (BeingTruck/vehicles purchased, 5000 paid in cash and remaining in account)		73,000	5,000 68,000