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Yockey Company purchased a delivery truck The total cash payment was $27820 including the following items Negotiated purchase price $24,000 Installation of special shelving

Yockey Company purchased a delivery truck. The total cash payment was $27,820 including the following items.Negotiated purchase price ……… $24,000Installation of special shelving …….. 1,100Painting and lettering ………. 780Motor vehicle license ………. 140Annual insurance policy ……… 500Sales tax …………… 1,300Total paid …………… $27,820Explain how each of these costs would be accounted for.

May 21 2020 View more View Less

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