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On April 1, 2014, Meyers Company Purchased a Bulldozer

question 99

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On April 1, 2014, Meyers Company purchased a bulldozer. Payment, totaling $70,000, is not due until April 1, 2016. Assuming interest at a 12% annual rate, Meyers should debit Machinery on April 1, 2014, in the amount of


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