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can i get help with this please its due in 5 hours President Company purchased merchandise from Captain Corporation on September 30, 2024. Payment was
can i get help with this please its due in 5 hours
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 $7,600 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 10% 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. (FV of \$1, PV of \$1. EVA of \$1, PVA of \$1. EVAD of \$1 and PVAD of \$1) Amount recoided Step by Step Solution
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