On December $31,2025,$ Novak Company acquired a computer from Plato Corporation by issuing a $$548,000\mathrm{.}00$ zero$-$interest$-$bearing

note, payable in full on December $31,2029.$ Novak Company's credit rating permits it to borrow funds from its several lines of credit

at $10\%.$ The computer is expected to have a $5-$year life and a $$64,000$ salvage value.

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$($a$)$

Your answer is correct.

Prepare the journal entry for the purchase on December $31,2025.($Round present value factor calculations to $5$ decimal places, eg$.$

$1\mathrm{.}251\mathrm{.}24$ and the final answers to $2$ decimal places, e$.$g$.58,971\mathrm{.}23.$ If no entry is required, select $"$No Entry" for the account titles and enter

$0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit

entries before credit entries.$)$

Date

Account Titles and Explanation

December

$31,2025$

Debit

Credit

Credit

Discount on Notes Payable

$173709$

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List of Accounts

$($b$)$

Your answer is partially correct.

Prepare any necessary adjusting entries relative to depreciation $($use straight$-$line$)$ and amortization $($use effective$-$interest

method$)$ on December $31,2026.($Round answers to $2$ decimal places, e$.$g$.38,548\mathrm{.}23.$ If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent

manually. List all debit entries before credit entries.$)$

$($To amortize the discount.$)$