Compound journal entry exercises
Practice entries with three or more lines: mixed financing, part-paid sales, and loan payments split between principal and interest.
Item 1 of 18
Freeintermediate
Equipment: part cash, part note
On Mar 4, 2026, FixRight Appliance Repair buys diagnostic equipment costing $8,000.00. It pays $1,500.00 in cash and signs a note payable for the rest.