Coronado Corporation purchased a computer on December $31,2024,$ for $$130,200,$ paying $$37,200$ down and agreeing to pay the

balance in five equal installments of $$18,600$ payable each December $31$ beginning in $2025.$ An assumed interest rate of $8\%$ is implicit

in the purchase price.

$($a$)$

Prepare the journal entry at the date of purchase. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $2$ decimal

places, e$.$g$.52\mathrm{.}75.$ Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required,

select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31,2024$