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an On Dec.31,2021, XYZ Corporation (an equipment manufaturer) Sold Equipment that cost $3006 to ABC Gmpany (a construction company) agreement stipulated that ABC would pay
an On Dec.31,2021, XYZ Corporation (an equipment manufaturer) Sold Equipment that cost $3006 to ABC Gmpany (a construction company) agreement stipulated that ABC would pay malee five payment of a tus ovu (including interest) anually Dec. 31. The first notre paymerd is to be made bic, 31, 2021 : Assuming that a prevailing interest rate of 6% applies to this contract : FV #1 = 1,33823 PV1 = 0.74726 Prepare the journal entry for XYZ to mord sale of the equipment m 1213121 2) Prepare the journal entry for X Y Z for year ended 11231123 for the recupt of Payment associated with this sale of the equipment, 3) Prepare the journal entry for Abe_to seard the purckese of the equipment on 12/31/ 2021 n=5 2 i = 6%
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