Buying equipment with sales tax, part paid and part on account

Transaction

A company buys a machine for $10,000.00 plus 6% sales tax. It pays $4,000.00 by check; the rest is owed to the supplier on account, due in three months.

Assumptions: Sales tax 6%.

Accounts

Tap an account, then choose Debit or Credit and type the amount. × removes a line.

Debit

No lines yet. Choose an account above.

Credit

No lines yet. Choose an account above.

Debits $0.00Credits $0.00