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Homepage - ACCT-371-54 Financial Accounting and Analysis Sp21 M Question 10 - Chapter Homework Saved Help Sav VVIOLIS UE present Value UI IUUUU w ve paiu atule ERU UI 21 years, sily art II U 10 How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 10 years, assuming that the account will earn 12% interest? How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of 13 years, assuming that the account will earn 12% interest? Assume that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year, 4% note payable was signed for the balance. 1. Prepare the horizontal model and record the journal entry, to show the purchase of the machine as described. 2. How much is the equal annual payment of principal and interest due at the end of each year? 3. What is the total amount of interest expense that will be reported over the life of the note? 4. Prepare the horizontal model and record the journal entries, to show the equal annual payments of principal and interest due at the end of each year. Complete this question by entering your answers in the tabs below. Reg D ReqB Req Ela Reg Elb Reg E3 Reg A Regc Reg E2 Reg E4a Reg 546 Assume that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year, 4% note payable was signed for the balance. Prepare the ho with + for increases and amounts with - for decreases) income and Balance Sheet Liabilities Stockholders' Equity Netcom Assets . - our answers in the tabs below. Req A Req B Reg C Req D Req Ela Req Elb Req E2 Reg E3 Req E4a R Assume that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year, 4% note payable w balance. Record the journal entry, to show the purchase of the machine as described. (If no entry is required for at select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet