FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Skysong Cosmetics Co. purchased machinery on December 31, 2019, paying $52,900 down and agreeing to pay the balance in four equal installments of $56,000 payable each December 31. An assumed interest of 10% is implicit in the purchase price.
Prepare the
| (a) | December 31, 2019. | |
| (b) | December 31, 2020. | |
| (c) | December 31, 2021. | |
| (d) | December 31, 2022. | |
| (e) | December 31, 2023. |
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