LCD Industries purchased a supply of electronic components from Entel Corporation on November 1, 2021. in...

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LCD Industries purchased a supply of electronic components from Entel Corporation on November 1, 2021. in payment for the $25.4 million purchase LCD issued a 1-year instalment nate to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 12% (EY of $1. Pyet51. PVA (51. PVA of $1. EVAD of $1 and PVAD of 11) (Use appropriate factor(s) from the tables provided.) Required: 1. & 2. Prapare the journal entries for LCD's purchase of the components on November 1, 2021 and the fest installment payment on November 30, 2021. 3. What is the amount of interest expense that LCD will report in its income statement for the year ended December 31, 20217 Complete this question by entering your answers in the tabs below. Meg 1 and 2 Prepare the journal entries for LCD's purchase of the components on November 1, 2021 and the first instaliment payment on November 30, 2021. (Enter your answers in whole dolars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the purchase of the components. Note: Enter debts before credits Date General Journal Debit Credit LCD Industries purchased a supply of electronic components from Entel Corporation on November 1, 2021. in payment for the $25.4 million purchase LCD issued a 1-year instalment nate to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 12% (EY of $1. Pyet51. PVA (51. PVA of $1. EVAD of $1 and PVAD of 11) (Use appropriate factor(s) from the tables provided.) Required: 1. & 2. Prapare the journal entries for LCD's purchase of the components on November 1, 2021 and the fest installment payment on November 30, 2021. 3. What is the amount of interest expense that LCD will report in its income statement for the year ended December 31, 20217 Complete this question by entering your answers in the tabs below. Meg 1 and 2 Prepare the journal entries for LCD's purchase of the components on November 1, 2021 and the first instaliment payment on November 30, 2021. (Enter your answers in whole dolars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the purchase of the components. Note: Enter debts before credits Date General Journal Debit Credit