Respuesta :
Answer:
_____________________ __________________
Equipment $50,000 Debit
Discount on Note Payable $14,800 Debit
Note Payable $64,800 Credit
___________________ ___________________
Explanation:
The equipment that the boston purchased is an asset that have to debit the company in the journal entry. When an asset increase you have to debit the account. Therefore $ 50.000 equipment is a debit.
The noninterest-bearing note $64,800 its a note payable that you have to credit on the journal entry for being a liability.
With the purchased there is a discount on note payable,this is the difference of 64,800- 50,000 of the equipment purchased and so the discount is = $ 14,800.
