A new forklift is purchased for $10,000 with $2,000 down in cash and the remainder due in 60 days. the journal entry would include:

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Business

Jacob Oneill

1 February, 14:57

A new forklift is purchased for $10,000 with $2,000 down in cash and the remainder due in 60 days. the journal entry would include:

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Britney Nelson · Answer 1

A journal entry must always have at least one debit and one credit. The journal entry would include: a credit of $2,000 because that was already paid and $8,000 would be listed under debit, because it's remainder owed.