Exercise 10-15 Coronado Corporation purchased a computer on December 31, 2019, for $119,700, paying $34,200 down and agreeing to pay the balance in five equal installments of $17,100 payable each December 31 beginning in 2020. An assumed interest rate of 8% is implicit in the purchase price.

Prepare the journal entry at the date of purchase.

Date	Account Titles and Explanation	Debit	Credit
December 31, 2019