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can i get help on this intermediate accounting question. President Company purchased merchandise from Captain Corporation on September 30, 2024. Payment was made in the
can i get help on this intermediate accounting question. President Company purchased merchandise from Captain Corporation on September 30, 2024. Payment was made in the form of a noninterest-bearing note requiring President to make six annual payments of $5,400 on each September 30 , beginning on September 30,2027 Required: Calculate the amount at which President should record the note payable and corresponding purchase on September 30,2024. assuming that an interest rate of 9% properly reflects the time value of money in this situation. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. Round your intermediate calculations to the nearest whole dollar. (EV of $1, PV of $1. EVA of $1. PYA of $1. EVAD of $1 and PVAD of $1 )
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