DesRosier Company acquires a machine on 1 January 20X6, with a non-interest-bearing note that requires $17,000 to be paid on 31 December 20X6 and again on 31 December 20X7 The note has no explicit interest, but the prevailing interest rate is 5% on liabilities of similar risk and duration. The cash equivalent cost of the machine is unknown (PV of S1. PVA of $1, and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: Provide the journal entry to record the machine on 1 January 20x6. Use the net method to record the note payable. If no entry is required for a transaction/event, select "No journal entry required in the first account field. Round time value factor to 5 decimal places and final answer to the nearest whole dollar amount.) View transaction lest Journal entry worksheet Record the purchase of equipment. Note: Enter debits before credits Date General Journal Debit Credit View transaction list Journal entry worksheet Record the purchase of equipment. Note: Enter debits before credits General Journal Date 1 Jan 20X6 Debit Credit Record entry Clear entry View general Journal