Long-term note payable, The city purchased new computer

Long-term note payable

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Reference no: EM1376136

The city purchased new computer equipment costing $19,000 by paying $3,000 in cash and signing a long-term note payable for $16,000.

The subsequent were collected in cash: Current taxes of 400,000, delinquent taxes of 11,000, other revenues of 10,000 from a number of sources.

Reference no: EM1376136

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Long-term note payable : The city purchased new computer equipment costing $19,000 by paying $3,000 in cash and signing a long-term note payable for $16,000.

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