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31. (2 points) On 12-31-15, Acme purchased a machine. Acme signed a $250.000 zero-interest bearing note. The note is payable in full on 12-31-17. Assume

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31. (2 points) On 12-31-15, Acme purchased a machine. Acme signed a $250.000 zero-interest bearing note. The note is payable in full on 12-31-17. Assume an acceptable interest rate on similar notes was 4%. Also on 12-31-15, Acme incurred and paid $7.500 to have the machine installed in its sales office. In this problem, you can ignore depreciation. Prepare the entries Acme 12-31-15 should make related to this machine on: a b. 12-31-16. c. 12-31-17 31. (2 points) On 12-31-15, Acme purchased a machine. Acme signed a $250.000 zero-interest bearing note. The note is payable in full on 12-31-17. Assume an acceptable interest rate on similar notes was 4%. Also on 12-31-15. Acme incurred and paid $7.500 to have the machine installed in its sales office. In this problem, you can ignore depreciation. Prepare the entries Acme should make related to this machine on: 12-31-15 b. 12-31-16, 12-31-17 a. C

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