Carry out the accounting of the following events as of the date specified below:

On 1 October 2021, Vangen AS will take out a loan of NOK 300,000.

On 1 October 2021, Vangen AS will purchase a new machine. The total acquisition cost for the machine is NOK 240,000 excl. VAT (NOK 300,000 including VAT). The seller gives 31 days credit.

On 1 November 2021, Vangen AS will pay the accounts payable.

On 31 December 2021 Depreciation and provisions for accrued interest as of 31 December must be entered. The machine is intended for permanent ownership and use, and has an expected economic life of 5 years. The loan must be repaid over 5 years, with the first installment on 1 October 2022. The interest rate is 5%. Accrued interest is paid together with the installments; first time October 1, 2022.

1200 machines| 1920 Bank deposits| 2210 Long-term loans| 2400 Accounts payable| 2710 Incoming VAT|2940 Accrued interest | 6000 Depreciation| 8150 Interest expenses

1.okt. 1.okt 1.nov 31.des