Question

Equipment with an estimated market value of $27,869 is offered for sale at $45,447. The equipment is acquired for $16,939 in cash and a note payable of $24,199 due in 30 days. The amount used in the buyer's accounting records to record this acquisition is ________

Answer 1

$41138

Step-by-step explanation:

Cash settlement of #16939 plus the note payable of $24199