5) On 1/1/2019, Krazy Company purchased patent for $175,000 with 8yr life and gave a 6%, 1 year, note as payment||LI Instructions Journalize the purchase and the adjusting entry on 12/31/19 6) Campus Equipment Co's financial data shows $400,000 in accounts receivable and $600,000 in sales revenue. The company needs $200,000 to meet their weekly payroll. They decided to sell $200,000 of its receivables to Numb Factor on June 6, 2019. Numb Factor assesses a service charge of 3%. Journalize the entry. 7) On Aug 1st Fox Co accepted a $1,000,8%, 6 months note from M. Mae in exchange for their accounts receivable balance of $1,000 Instructions Journalize the entry on Aug 1st and the adjusting entry as of December 31st for the interest revenue. Assume that on 12/31/19 the note was dishonored, journalize the entry. 8) Prissy Company owns equipment that cost $65,000 when purchased on January 1, 2018. It has been depreciated using the straight-line method based on an estimated salage value of $5,000 and an estimated useful life of 5 years. Prissy sold the equipment on January 1, 2020 for $31,000. a) Prepare journal entry to record the sale of the equipment