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Moving to another question will save this responde Question 3 Present Assume that for all questions, the company's year-end is 1231 Part C: On July

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Moving to another question will save this responde Question 3 Present Assume that for all questions, the company's year-end is 1231 Part C: On July 31, 2021. Company ABC prchased a new machine from XYZ The agreement potated the ABC wo mais ficar pe face (including interest) annually July 31. The first note payment is to be made ca July 31, 2021. Assume that a market interest rate of sth applies to this contract Future wale or an ordinary Present val of AN ordinary Futur Value of Prest value of 1 4 COPY QUESTIONS 1 AND ANSWER IN THE FORMAT PROVIDED Record Company ABC's purchase of the machine Jubs 2011 Account CH 2. Prepare the journal entry(s) for Company ABC for year ended 12/31/23, if any, associated with the purchase of this game Credit Debit Account Title 3 Record Company ABC' payment on the note for July 31, 2023 of the compow makering water Account Tits DO 4. What is the total interese pense that will be rewe Assume that for all questions, the company's year-end is 12/31. Part C: On July 31, 2021, Company ABC purchased a new machine from XYZ. The agreement stipulated that ABC muld make for payment (including interest) annually July 31. The first note payment is to be made on July 31, 2021. Assume that a market interest rate of 5% this contract: Future Present Present value of value of value of Future an an an Value or Present ordinary ordinary value of 1 annuity annuity due 1 6 1.21551 012270 431013 3.54595 COPY QUESTIONS 1-3 AND ANSWER IN THE FORMAT PROVIDED. 1. Record Company ABC's purchase of the machine on July 31, 2021? (Sp) Debat Creder Account Title 3. Record Company ABC's payment on the note for July 31, 2023 if the company makes reversing entries? pes) Account Title Debit Credit 4. What is the total interest expense that would be recognized over the life of the note by ABC (pt)

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