Pioneer Trucking Company, which leases trucks to oilfield workers to move their equipment, recently purchased...
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Accounting
Pioneer Trucking Company, which leases trucks to oilfield workers to move their equipment, recently purchased a truck. The sticker price of the truck was $52,000 and the company paid $47,500. Pioneer also paid sales tax of $3,500 on the purchase, shipping and preparation costs of $4,500, and insurance for the first year of operation of $5,500. At what amount should Pioneer debit to the truck account in their general journal?
Multiple Choice
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$52,000.
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$47,500.
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$52,000.
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$55,500.
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