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Blossom Inc. provided several entertainment services to Bramble Corporation in the past. On January 1,2023, when the receivable for the past services was due, Bramble

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Blossom Inc. provided several entertainment services to Bramble Corporation in the past. On January 1,2023, when the receivable for the past services was due, Bramble was unable to pay the outstanding balance. Blossom agreed to accept a $530,000 non-intere bearing note payable on December 31, 2024. Bramble typically could arrange this kind of financing at an interest rate of 15%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the fartor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Use 1. PV.1 Tables, 2. a financial calculator, or 3. Excel functions to arrive at the amount to record the note receivabler (Round present value factor calculations to 5 decimal places, e.g. 1.2512. Round PV tables and Excel function answers to 0 decimal places, e.g. 8,971 and round Financial calculator answer to 2 decimal places, e.g. 89.71.) Blossom Inc. provided several entertainment services to Bramble Corporation in the past. On January 1,2023, when the receivable for the past services was due, Bramble was unable to pay the outstanding balance. Blossom agreed to accept a $530,000 non-intere bearing note payable on December 31, 2024. Bramble typically could arrange this kind of financing at an interest rate of 15%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the fartor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Use 1. PV.1 Tables, 2. a financial calculator, or 3. Excel functions to arrive at the amount to record the note receivabler (Round present value factor calculations to 5 decimal places, e.g. 1.2512. Round PV tables and Excel function answers to 0 decimal places, e.g. 8,971 and round Financial calculator answer to 2 decimal places, e.g. 89.71.)

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