i am having trouble with figuring out the coreect form example =B10+B9 i have tried but it keeps saying formula must contain the =PV function and return a positive value
Precision Machining sold Winters Manufacturing a CNC lathe. The lathe was delivered on January 1 of the current year, and Precieion received a note from Winters indicating that Winters will pay Precision $60,000 on a future date Unless informed otherwise, assume that Precision vicws the time value of money component of this arrangement to be significant and that the relevant interest fate is 9% Required: 1. Assume the note indicates that Winters is to pay Precision the $60,000 due on the note on December 31 of the current year Complete the journal entry for Precision to record the sale on January 1 of the current year 2. Assume the same facts as in requirement 1 , and complete the journal entry for Precision to record collection of the payment on December 31 of the current year: 3. Assume instead that Winters is to pay Precision the $60,000 due on the note on December 31 of the subsequent year Complete the journal entry for Precision to record the sale on Jancary 1 of the current year 4. Assume instead that Precision does not view the time value of money component of this arrangement to be significant and that the note indicates that Winters is to pay Precision the $60.000 due on the note on December 31 of the current year Complete the journal entry for Precision to record the sale on January fot the current year Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excet, use the Save and Retum to Assigriment outton in the iower right to return to Connect. Assume the note indicates that Winters is to pay Precision the $60,000 due on the nota an Daramhar a1 9m32 Complete the fournal entry for Precision to record the sale on lanuary 1, 202? Assume the same facts as in requirement 1 , and complete the journat entry for Precision to record collection of the payment on December 31,2023 . No adjusting entries were made during the year. Assume instead that Winters is to pay Precision the $60,000 due on the note on December 31,2024 . Complete the iournal entry for Precision to record the sate on January 1,2023. Assume instead that Precision does not view the time value of money component of this arrangement to be significant and that the note indicates that Winters is to pay Precision the $60,000 due on the note on December 31, 2023. Complete the journal entry for Precision to record the sale on Ianuary 1, 2023