Business
Business, 19.03.2021 02:40, glitch14

Capital stock was issued in exchange for $363,000 cash. Purchase $186,000 of equipment by making a $63,000 cash down payment and signing a note payable for the balance. Made a $36,500 cash payment on the note payable from the purchase of equipment. Sold a piece of equipment for cash of $21,000. The equipment was sold at cost, so there is no gain or loss on the sale. What is the balance in the Note Payable account at the end of March

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Capital stock was issued in exchange for $363,000 cash. Purchase $186,000 of equipment by making a $...

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