I dont understand how to post this to the general journal.
The question asks to record the transaction for a
catering van, paid $32000 and the van will be used for next 10 years. (see screenshots).
The general journal includes Date, Details, Debit and Credit in a table.
PLEASE NOTE: 1.The catering van is a fixed asset. So, we debit the fixed asset account with the purchase price of... View the full answer