On December 1, 2017, Hogan Co. purchased equipment From WeeSellEquipment (WSE) invoiced for $400,000. Not...
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Accounting
On December 1, 2017, Hogan Co. purchased equipment From WeeSellEquipment (WSE) invoiced for $400,000. Not including the following:
Sales Tax (to be paid to the WSE) $40,000
Shipping (to be paid to FedEx) 10,000
Concrete slab necessary for equipment (to be paid to ABC) 30,000
Cash paid for 12 month prepaid maintenance concrete 12,000
Prepare Journal Entry
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