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On December 31 of the Current Year, a Restaurant Purchased

Question 29

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On December 31 of the current year, a restaurant purchased a $19,000 truck to be used for catering. It made a down payment of one-fourth of the purchase price. What combination of amounts would affect the current year income statement and statement of cash flows for the purchase of the truck? ? On December 31 of the current year, a restaurant purchased a $19,000 truck to be used for catering. It made a down payment of one-fourth of the purchase price. What combination of amounts would affect the current year income statement and statement of cash flows for the purchase of the truck? ?

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