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10 January, 13:39

Prepare the journal entry if Bench Company purchases a delivery van for $22,175 with related expenditures of sales taxes $443, painting $225, vehicle license $210, and accident insurance $875.

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  1. 10 January, 13:42
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    Dr Equipment $22,843

    Dr Licence expenses $210

    Drr Prepaid Insurance $875

    Cr Cash $23,928

    Explanation:

    Journal entry for Bench Company

    Dr Equipment $22,843

    ($22,175+$443+$225)

    Dr Licence expenses $210

    Dr Prepaid Insurance $875

    Cr Cash $23,928
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