Please Solve In 20mins 5. Alice purchased a new Ford truck for the business. The truck cost $28,750 + tax. Green TreeLandscapes made a down payment of $2875.00. They're financing the rest of the cost. They'vereceived a loan for the remainder amount from Ford (Tip: setup Ford as a supplier). Setup theaccounts to track the original cost and depreciation of the new asset. Write a cheque to pay forthe asset (Tip: record the loan on the cheque). Use the next cheque # in order. Make the entryon the 24th of last month.This is for QuickBooks. I am not so worried aboutthe account name but more of the account typeand if it is increasing with credit or debit so I can besure I am setting this up correctly before I submit it.I realize it says cheque. For those who can't tell thisquestion came from a Candian based resource. Itjust means a check. I have no accounts set up yeteither.

Cheque is the order to the bank by the company whose have to account in the bank and they give…

This is for QuickBooks. I am not so worried about the account name but more of the account type and if it is increasing with credit or debit so I can be sure I am setting this up correctly before I submit it. I realize it says cheque. For those who can't tell this question came from a Candian based resource. It just means a check. I have no accounts set up yet either.

This is for QuickBooks. I am not so worried about the account name but more of the account type and if it is increasing with credit or debit so I can be sure I am setting this up correctly before I submit it. I realize it says cheque. For those who can't tell this question came from a Candian based resource. It just means a check. I have no accounts set up yet either.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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