5"#-& 'VUVSF 7BMVF PG 'VUVSF 7BMVF PG B 4JOHMF 4VN FVFn i i n (n) Periods 2% 21 2% 3% 4% 5% 6% 1 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 2 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 3 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 4 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 5 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 6 1.12616 1.15969 1.19405 1.26532 1.34010 1.41852 7 1.14869 1.18869 1.22987 1.31593 1.40710 1.50363 8 1.17166 1.21840 1.26677 1.36857 1.47746 1.59385 9 1.19509 1.24886 1.30477 1.42331 1.55133 1.68948 10 1.21899 1.28008 1.34392 1.48024 1.62889 1.79085 11 1.24337 1.31209 1.38423 1.53945 1.71034 1.89830 12 1.26824 1.34489 1.42576 1.60103 1.79586 2.01220 13 1.29361 1.37851 1.46853 1.66507 1.88565 2.13293 14 1.31948 1.41297 1.51259 1.73168 1.97993 2.26090 15 1.34587 1.44830 1.55797 1.80094 2.07893 2.39656 16 1.37279 1.48451 1.60471 1.87298 2.18287 2.54035 17 1.40024 1.52162 1.65285 1.94790 2.29202 2.69277 18 1.42825 1.55966 1.70243 2.02582 2.40662 2.85434 19 1.45681 1.59865 1.75351 2.10685 2.52695 3.02560 20 1.48595 1.63862 1.80611 2.19112 2.65330 3.20714 21 1.51567 1.67958 1.86029 2.27877 2.78596 3.39956 22 1.54598 1.72157 1.91610 2.36992 2.92526 3.60354 23 1.57690 1.76461 1.97359 2.46472 3.07152 3.81975 24 1.60844 1.80873 2.03279 2.56330 3.22510 4.04893 25 1.64061 1.85394 2.09378 2.66584 3.38635 4.29187 26 1.67342 1.90029 2.15659 2.77247 3.55567 4.54938 27 1.70689 1.94780 2.22129 2.88337 3.73346 4.82235 28 1.74102 1.99650 2.28793 2.99870 3.92013 5.11169 29 1.77584 2.04641 2.35657 3.11865 4.11614 5.41839 30 1.81136 2.09757 2.42726 3.24340 4.32194 5.74349 31 1.84759 2.15001 2.50008 3.37313 4.53804 6.08810 32 1.88454 2.20376 2.57508 3.50806 4.76494 6.45339 33 1.92223 2.25885 2.65234 3.64838 5.00319 6.84059 34 1.96068 2.31532 2.73191 3.79432 5.25335 7.25103 35 1.99989 2.37321 2.81386 3.94609 5.51602 7.68609 36 2.03989 2.43254 2.89828 4.10393 5.79182 8.14725 37 2.08069 2.49335 2.98523 4.26809 6.08141 8.63609 38 2.12230 2.55568 3.07478 4.43881 6.38548 9.15425 39 2.16474 2.61957 3.16703 4.61637 6.70475 9.70351 40 2.20804 2.68506 3.26204 4.80102 7.03999 10.28572 TABLE 6.1 Future Value of 1 (n) 8% 9% 10% 11% 12% 15% Periods 1.08000 1.09000 1.10000 1.11000 1.12000 1.15000 1 1.16640 1.18810 1.21000 1.23210 1.25440 1.32250 2 1.25971 1.29503 1.33100 1.36763 1.40493 1.52088 3 1.36049 1.41158 1.46410 1.51807 1.57352 1.74901 4 1.46933 1.53862 1.61051 1.68506 1.76234 2.01136 5 1.58687 1.67710 1.77156 1.87041 1.97382 2.31306 6 1.71382 1.82804 1.94872 2.07616 2.21068 2.66002 7 1.85093 1.99256 2.14359 2.30454 2.47596 3.05902 8 1.99900 2.17189 2.35795 2.55803 2.77308 3.51788 9 2.15892 2.36736 2.59374 2.83942 3.10585 4.04556 10 2.33164 2.58043 2.85312 3.15176 3.47855 4.65239 11 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 12 2.71962 3.06581 3.45227 3.88328 4.36349 6.15279 13 2.93719 3.34173 3.79750 4.31044 4.88711 7.07571 14 3.17217 3.64248 4.17725 4.78459 5.47357 8.13706 15 3.42594 3.97031 4.59497 5.31089 6.13039 9.35762 16 3.70002 4.32763 5.05447 5.89509 6.86604 10.76126 17 3.99602 4.71712 5.55992 6.54355 7.68997 12.37545 TABLE 6.2 Present Value of 1 (Present Value of a Single Sum) PVFn,i (1 i ) n (n) Periods 2% 21 2% 3% 4% 5% 6% 1 .98039 .97561 .97087 .96154 .95238 .94340 2 .96117 .95181 .94260 .92456 .90703 .89000 3 .94232 .92860 .91514 .88900 .86384 .83962 4 .92385 .90595 .88849 .85480 .82270 .79209 5 .90573 .88385 .86261 .82193 .78353 .74726 6 .88797 .86230 .83748 .79031 .74622 .70496 7 .87056 .84127 .81309 .75992 .71068 .66506 8 .85349 .82075 .78941 .73069 .67684 .62741 9 .83676 .80073 .76642 .70259 .64461 .59190 10 .82035 .78120 .74409 .67556 .61391 .55839 11 .80426 .76214 .72242 .64958 .58468 .52679 12 .78849 .74356 .70138 .62460 .55684 .49697 13 .77303 .72542 .68095 .60057 .53032 .46884 14 .75788 (1 i) n 5"#-& 1SFTFOU 7BMVF PG (n) 8% 9% 10% 11% 12% 15% Periods .92593 .91743 .90909 .90090 .89286 .86957 1 .85734 .84168 .82645 .81162 .79719 .75614 2 .79383 .77218 .75132 .73119 .71178 .65752 3 .73503 .70843 .68301 .65873 .63552 .57175 4 .68058 .64993 .62092 .59345 .56743 .49718 5 .63017 .59627 .56447 .53464 .50663 .43233 6 .58349 .54703 .51316 .48166 .45235 .37594 7 .54027 .50187 .46651 .43393 .40388 .32690 8 .50025 .46043 .42410 .39092 .36061 .28426 9 .46319 .42241 .38554 .35218 .32197 .24719 10 .42888 .38753 .35049 .31728 .28748 .21494 11 .39711 .35554 .31863 .28584 .25668 .18691 12 .36770 .32618 .28966 .25751 .22917 .16253 13 .34046 .29925 .26333 .23199 .20462 .14133 14 .31524 .27454 .23939 .20900 .18270 .12289 15 .29189 .25187 .21763 .18829 .16312 .10687 16 .27027 .23107 .19785 .16963 .14564 .09293 17 .25025 .21199 .17986 .15282 .13004 .08081 18 .23171 .19449 .16351 .13768 .11611 .07027 19 .21455 .17843 .14864 .12403 .10367 .06110 20 .19866 .16370 .13513 .11174 .09256 .05313 21 .18394 .15018 .12285 .10067 .08264 .04620 22 .17032 .13778 .11168 .09069 .07379 .04017 23 .15770 .12641 .10153 .08170 .06588 .03493 24 .14602 .11597 .09230 .07361 .05882 .03038 25 .13520 .10639 .08391 .06631 .05252 .02642 26 .12519 .09761 .07628 .05974 .04689 .02297 27 .11591 .08955 .06934 .05382 .04187 .01997 28 .10733 .08216 .06304 .04849 .03738 .01737 29 .09938 .07537 .05731 .04368 .03338 .01510 30 .09202 .06915 .05210 .03935 .02980 .01313 31 .08520 .06344 .04736 .03545 .02661 .01142 32 .07889 .05820 .04306 .03194 .02376 .00993 33 .07305 .05340 .03914 .02878 .02121 .00864 34 .06763 .04899 .03558 .02592 .01894 .00751 35 .06262 .04494 .03235 .02335 .01691 .00653 36 .05799 .04123 .02941 .02104 .01510 .00568 37 .05369 .03783 .02674 .01896 .01348 .00494 38 .04971 .03470 .02430 .01708 .01204 .00429 39 .04603 .03184 .02210 .01538 .01075 .00373 40 5"#-& 'VUVSF 7BMVF PG BO 0SEJOBSZ "OOVJUZ PG FVF-OAn,i (n) Periods 2% 21 2% 3% 4% 5% 6% 1 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2 2.02000 2.02500 2.03000 2.04000 2.05000 2.06000 3 3.06040 3.07563 3.09090 3.12160 3.15250 3.18360 4 4.12161 4.15252 4.18363 4.24646 4.31013 4.37462 5 5.20404 5.25633 5.30914 5.41632 5.52563 5.63709 6 6.30812 6.38774 6.46841 6.63298 6.80191 6.97532 7 7.43428 7.54743 7.66246 7.89829 8.14201 8.39384 8 8.58297 8.73612 8.89234 9.21423 9.54911 9.89747 9 9.75463 9.95452 10.15911 10.58280 11.02656 11.49132 10 10.94972 11.20338 11.46338 12.00611 12.57789 13.18079 11 12.16872 12.48347 12.80780 13.48635 14.20679 14.97164 12 13.41209 13.79555 14.19203 15.02581 15.91713 16.86994 13 14.68033 15.14044 15.61779 16.62684 17.71298 18.88214 14 15.97394 16.51895 17.08632 18.29191 19.59863 21.01507 15 17.29342 17.93193 18.59891 20.02359 21.57856 23.27597 16 18.63929 19.38022 20.15688 21.82453 23.65749 25.67253 17 20.01207 20.86473 21.76159 23.69751 25.84037 28.21288 18 21.41231 22.38635 23.41444 25.64541 28.13238 30.90565 19 22.84056 23.94601 25.11687 27.67123 30.53900 33.75999 20 24.29737 25.54466 26.87037 29.77808 33.06595 36.78559 21 25.78332 27.18327 28.67649 31.96920 35.71925 39.99273 22 27.29898 28.86286 30.53678 34.24797 38.50521 43.39229 23 28.84496 30.58443 32.45288 36.61789 41.43048 46.99583 24 30.42186 32.34904 34.42647 39.08260 44.50200 50.81558 25 32.03030 34.15776 36.45926 41.64591 47.72710 54.86451 26 33.67091 36.01171 38.55304 44.31174 51.11345 59.15638 27 35.34432 37.91200 40.70963 47.08421 54.66913 63.70577 28 37.05121 39.85980 42.93092 49.96758 58.40258 68.52811 29 38.79223 41.85630 45.21885 52.96629 62.32271 73.63980 30 40.56808 43.90270 47.57542 56.08494 66.43885 79.05819 31 42.37944 46.00027 50.00268 59.32834 70.76079 84.80168 32 44.22703 48.15028 52.50276 62.70147 75.29883 90.88978 33 46.11157 50.35403 55.07784 66.20953 80.06377 97.34316 34 48.03380 52.61289 57.73018 69.85791 85.06696 104.18376 35 49.99448 54.92821 60.46208 73.65222 90.32031 111.43478 36 51.99437 57.30141 63.27594 77.59831 95.83632 119.12087 37 54.03425 59.73395 66.17422 81.70225 101.62814 127.26812 38 56.11494 62.22730 69.15945 85.97034 107.70955 135.90421 39 58.23724 64.78298 72.23423 90.40915 114.09502 145.05846 40 60.40198 67.40255 75.40126 95.02552 120.79977 154.76197 i n i 5"#-& 'VUVSF 7BMVF PG BO 0SEJOBSZ "OOVJUZ PG (n) 8% 9% 10% 11% 12% 15% Periods 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1 2.08000 2.09000 2.10000 2.11000 2.12000 2.15000 2 3.24640 3.27810 3.31000 3.34210 3.37440 3.47250 3 4.50611 4.57313 4.64100 4.70973 4.77933 4.99338 4 5.86660 5.98471 6.10510 6.22780 6.35285 6.74238 5 7.33592 7.52334 7.71561 7.91286 8.11519 8.75374 6 8.92280 9.20044 9.48717 9.78327 10.08901 11.06680 7 10.63663 11.02847 11.43589 11.85943 12.29969 13.72682 8 12.48756 13.02104 13.57948 14.16397 14.77566 16.78584 9 14.48656 15.19293 15.93743 16.72201 17.54874 20.30372 10 16.64549 17.56029 18.53117 19.56143 20.65458 24.34928 11 18.97713 20.14072 21.38428 22.71319 24.13313 29.00167 12 21.49530 22.95339 24.52271 26.21164 28.02911 34.35192 13 24.21492 26.01919 27.97498 30.09492 32.39260 40.50471 14 27.15211 29.36092 31.77248 34.40536 37.27972 47.58041 15 30.32428 33.00340 35.94973 39.18995 42.75328 55.71747 16 33.75023 36.97371 40.54470 44.50084 48.88367 65.07509 17 37.45024 41.30134 45.59917 50.39593 55.74972 75.83636 18 41.44626 46.01846 51.15909 56.93949 63.43968 88.21181 19 45.76196 51.16012 57.27500 64.20283 72.05244 102.44358 20 50.42292 56.76453 64.00250 72.26514 81.69874 118.81012 21 55.45676 62.873

5"#-& 1SFTFOU 7BMVF PG BO 0SEJOBSZ "OOVJUZ PG PVF-OAn,i (n) Periods 2% 21 2% 3% 4% 5% 6% 1 .98039 .97561 .97087 .96154 .95238 .94340 2 1.94156 1.92742 1.91347 1.88609 1.85941 1.83339 3 2.88388 2.85602 2.82861 2.77509 2.72325 2.67301 4 3.80773 3.76197 3.71710 3.62990 3.54595 3.46511 5 4.71346 4.64583 4.57971 4.45182 4.32948 4.21236 6 5.60143 5.50813 5.41719 5.24214 5.07569 4.91732 7 6.47199 6.34939 6.23028 6.00205 5.78637 5.58238 8 7.32548 7.17014 7.01969 6.73274 6.46321 6.20979 9 8.16224 7.97087 7.78611 7.43533 7.10782 6.80169 10 8.98259 8.75206 8.53020 8.11090 7.72173 7.36009 i n i 5"#-&4 1SFTFOU7BMVFPGBO0SEJOBSZ"OOVJUZPG (n) 8% 9% 10% 11% 12% 15% Periods .92593 .91743 .90909 .90090 .89286 .86957 1 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 2 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 4 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 5 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 6 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 7 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 8 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 9 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 10 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 5"#-& 1SFTFOU 7BMVF PG BO "OOVJUZ %VF PG PVF-ADn,i (n) Periods 2% 21 2% 3% 4% 5% 6% 1 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2 1.98039 1.97561 1.97087 1.96154 1.95238 1.94340 3 2.94156 2.92742 2.91347 2.88609 2.85941 2.83339 4 3.88388 3.85602 3.82861 3.77509 3.72325 3.67301 5 4.80773 4.76197 4.71710 4.62990 4.54595 4.46511 6 5.71346 5.64583 5.57971 5.45182 5.32948 5.21236 7 6.60143 6.50813 6.41719 6.24214 6.07569 5.91732 8 7.47199 7.34939 7.23028 7.00205 6.78637 6.58238 9 8.32548 8.17014 8.01969 7.73274 7.46321 7.20979 10 9.16224 8.97087 8.78611 8.43533 8.10782 7.80169 11 9.98259 9.75206 9.53020 9.11090 8.72173 8.36009 12 10.78685 10.51421 10.25262 9.76048 9.30641 8.88687 13 11.57534 11.25776 10.95400 10.38507 9.86325 9.38384 14 12.34837 11.98319 11.63496 10.98565 10.39357 9.85268 15 13.10625 12.69091 12.29607 11.56312 10.89864 10.29498 16 13.84926 13.38138 12.93794 12.11839 11.37966 10.71225 17 14.57771 14.05500 13.56110 12.65230 11.83777 11.10590 18 15.29187 14.71220 14.16612 13.16567 12.27407 11.47726 19 15.99203 15.35336 14.75351 13.65930 12.68959 11.82760 20 16.67846 15.97889 15.32380 14.13394 13.08532 12.15812 21 17.35143 16.58916 15.87747 14.59033 13.46221 12.46992 22 18.01121 17.18455 16.41502 15.02916 13.82115 12.76408 23 18.65805 17.76541 16.93692 15.45112 14.16300 13.04158 24 19.29220 18.33211 17.44361 15.85684 14.48857 13.30338 25 19.91393 18.88499 17.93554 16.24696 14.79864 13.55036 26 20.52346 19.42438 18.41315 16.62208 15.09394 13.78336 27 21.12104 19.95061 18.87684 16.98277 15.37519 14.00317 28 21.70690 20.46401 19.32703 17.32959 15.64303 14.21053 29 22.28127 20.96489 19.76411 17.66306 15.89813 14.40616 30 22.84438 21.45355 20.18845 17.98371 16.14107 14.59072 31 23.39646 21.93029 20.60044 18.29203 16.37245 14.76483 32 23.93770 22.39541 21.00043 18.58849 16.59281 14.92909 33 24.46833 22.84918 21.38877 18.87355 16.80268 15.08404 34 24.98856 23.29188 21.76579 19.14765 17.00255 15.23023 35 25.49859 23.72379 22.13184 19.41120 17.19290 15.36814 36 25.99862 24.14516 22.48722 19.66461 17.37419 15.49825 37 26.48884 24.55625 22.83225 19.90828 17.54685 15.62099 38 26.96945 24.95732 23.16724 20.14258 17.71129 15.73678 39 27.44064 25.34860 23.49246 20.36786 17.86789 15.84602 40 27.90259 25.73034 23.80822 20.58448 18.01704 15.94907 i n i 5"#-& 1SFTFOU7BMVFPGBO"OOVJUZ%VFPG (n) 8% 9% 10% 11% 12% 15% Periods 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1 1.92593 1.91743 1.90909 1.90090 1.89286 1.86957 2 2.78326 2.75911 2.73554 2.71252 2.69005 2.62571 3 3.57710 3.53130 3.48685 3.44371 3.40183 3.28323 4 4.31213 4.23972 4.16986 4.10245 4.03735 3.85498 5 4.99271 4.88965 4.79079 4.69590 4.60478 4.35216 6 5.62288 5.48592 5.35526 5.23054 5.11141 4.78448 7 6.20637 6.03295 5.86842 5.71220 5.56376 5.16042 8 6.74664 6.53482 6.33493 6.14612 5.96764 5.48732 9 7.24689 6.99525 6.75902 6.53705 6.32825 5.77158

Prepare journal entries for Carla Vista for 2025-related revenue for this franchise arrangement. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. List all debit entries before credit entries.) On January 1, 2025, Margaret Taylor signed an agreement, covering 5 years, to operate as a franchisee of Carla Vista Inc. for an initial franchise fee of $40,000. The amount of $8,000 was paid when the agreement was signed, and the balance is payable in five annual payments of $6,400 each, beginning January 1,2026 . The agreement provides that the down payment is nonrefundable and that no future services are required of the franchisor once the franchise commences operations on April 1,2025. Margaret Taylor's credit rating indicates that she can borrow money at 8% for a loan of this type. Prepare journal entries for Carla Vista for 2025-related revenue for this franchise arrangement. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. List all debit entries before credit entries.) On January 1, 2025, Margaret Taylor signed an agreement, covering 5 years, to operate as a franchisee of Carla Vista Inc. for an initial franchise fee of $40,000. The amount of $8,000 was paid when the agreement was signed, and the balance is payable in five annual payments of $6,400 each, beginning January 1,2026 . The agreement provides that the down payment is nonrefundable and that no future services are required of the franchisor once the franchise commences operations on April 1,2025. Margaret Taylor's credit rating indicates that she can borrow money at 8% for a loan of this type