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Basic PV problem On April 1, 2020, Trvgiic Equipment Supply Corp. a blow-molding machine to a customer for $954,000. Trvgiic agreed go accept a four-year,

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On April 1, 2020, Trvgiic Equipment Supply Corp. a blow-molding machine to a customer for $954,000. Trvgiic agreed go accept a four-year, 3.5% interest note due quarterly. Interest payments begin on June 30 and are due on September 30, December 31, and March 31 with the entire principal due on March 31, 2024. Trvglic Equipment Supply Corp. normally incurs interest at a rate of 7.1% and the customer incurs interest at 7.8% on loans for similar periods. nper PMT FV0 or 1 PV 6 points Determine the following amounts that Trvgiic Equipment Supply Corp. would report in its GAAP financial statements for the year ended December 31, 2020. Sales Revenue 2 points Interest Revenue 2 points Notes Receivable Carrying Value 2 points You must complete this amortization table using Excel formulas to support your answers above other than Sales Revenue. Income Statement Statement of Amortization of Balance Sheet Cash Flows Carrying Value Period Interest Revenue Cash Received Amortization Carrying Value 6 points N Prepare the journal entries that Trygiic Equipment Supply Corp. would record on each of the dates given. You will not use every line. 3 points per entry = 12 points ACCOUNT NAMES DEBIT DATE CREDIT Prepare the journal entries that Trvgiic Equipment Supply Corp. would record on each of the dates given. You will not use every line. 3 points per entry = 12 points DATE ACCOUNT NAMES DEBIT CREDIT 1-Apr 30-Jun 30-Sep 31-Dec

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