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Current Attempt in Progress On December 3 1 , 2 0 2 5 , Novak Company acquired a computer from Plato Corporation by issuing a
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On December Novak Company acquired a computer from Plato Corporation by issuing a $ zerointerestbearing note, payable in full on December Novak Company's credit rating permits it to borrow funds from its several lines of credit at The computer is expected to have a year life and a $ salvage value.
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Your answer is partially correct,
Prepare the journal entry for the purchase on December Round present value factor calculations to decimal places, eg and the final answers to decimal places, eg If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.
Date Account Titles and Explanation
Debit
Credit
December
Equipment
Discount on Notes Payable
Notes Payable
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