On April 1, Year 1, a new customer purchased a piece of equipment from Thomas Tech Center by paying $4,000 down and $9,000 at the end of each of the next 19 calendar quarters. What is the purchase price of the machinery if the rate of interest agreed upon was 28% compounded quarterly? Complete the following from the perspective of Thomas Tech Center. Which of the following financial statement item is impacted in this transaction? Notes Receivable The problem is solving for: The calculation involves: PV Ordinary Annuity Accounts - PMT Prepare the journal entry to show how Thomas Tech Center would record the down payment. Prepare the journal entry to show how Thomas Tech Center would record the receivable. Table Method Date of Sale Debit Present Value An Ordinary Annuity Xx Factor x Credit