an A. On May 1, 2021. Company ABC purchased a new machine from XYZ. Thereement poured that ABC World pay $100.000 de payment and is often Interest ammually for six years. The first one payment is to be made on April 30.2022 Future Present Present wale or value of valueer Future an Vale or Present ordinary ordinary annuity 1 1 value of annuity Annuity dor 6 1/41852 0.70-196 6.97532 4.91732 521236 1. Assuming that prevailing interest rate of 6% applies to this contract, record Company ABC's purchase of the machine? (7 points) Account Title Debit Credit 69 rhine (4 mints) 2. Prepare the journal entry() for ABC for year ended 12/31/23, if any, associated with the purchase of the machine Account Title Debit Credit 3. Prepare the entry for ABC for the 4/30/23 payment if the company does not make reversing entries. (5 points) Account Title Debit Credit (31 - Total interest expense that would be recognized over the life of the note for ABC is rinnar ALTENACINIA an A. On May 1, 2021. Company ABC purchased a new machine from XYZ. Thereement poured that ABC World pay $100.000 de payment and is often Interest ammually for six years. The first one payment is to be made on April 30.2022 Future Present Present wale or value of valueer Future an Vale or Present ordinary ordinary annuity 1 1 value of annuity Annuity dor 6 1/41852 0.70-196 6.97532 4.91732 521236 1. Assuming that prevailing interest rate of 6% applies to this contract, record Company ABC's purchase of the machine? (7 points) Account Title Debit Credit 69 rhine (4 mints) 2. Prepare the journal entry() for ABC for year ended 12/31/23, if any, associated with the purchase of the machine Account Title Debit Credit 3. Prepare the entry for ABC for the 4/30/23 payment if the company does not make reversing entries. (5 points) Account Title Debit Credit (31 - Total interest expense that would be recognized over the life of the note for ABC is rinnar ALTENACINIA