Hi, please help me with the the below question, thank you in advance for your assistance. XYZ Ltd transfers the machine to the customer on 1 January 2018 and agrees with the customer to use the following credit terms: pay $240,000 on eq December 2019 with an interest rate of 10% per annum. Illustrate XYZ's accounting for the machine by preparing journal entries. Extra info: this question is related to significant financing component concept