Equipment with an estimated market value of $27,823 is offered for sale at $48,256. the equipment is acquired for $14,743 in cash and a note payable of $23,598 due in 30 days. the amount used in the buyer's accounting records to record this acquisition is

credit bank $14743 credit payables 33513 . ,,debit equipment $48256

Step-by-step explanation:

The buyer has acquired the equipment for a cash purchase of $14 743 therefore they have to credit their bank balance with $14743 and debit the Non-current asset with $14743 and $33513. They would also have to credit creditors(trade payables) with $33513 because the sale price was $48 256 and that is the purchase price for the buyer. The cost price of the equipment is $48 256 for the buyer

total = principal × ( 1 + rate ) ^ years

total = 600 * (1.04)^5

total = 729.99

answer is c

step-by-step explanation:

15 units use socratic

step-by-step explanation: 15 units