On October $1,2025,$ Wildhorse Equipment Company sold a pecan$-$harvesting machine to Valco Brothers Farm, Inc. In lieu of a cash

payment Valco Brothers Farm gave Arden a $2-$year, $$158,400,8\%$ note $($a realistic rate of interest for a note of this type$).$ The note

required interest to be paid annually on October $1.$ Wildhorse's financial statements are prepared on a calendar$-$year basis.

Assuming Valco Brothers Farm fulfills all the terms of the note, prepare the necessary journal entries for Wildhorse Equipment

Company for the entire term of the note. $($Record journal entries in the order presented in the problem. 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.$)$

On December $31,2024,$ Marigold Company finished consulting services and accepted in exchange a promissory note with a face value

of $$660,000,$ a due date of December $31,2027,$ and a stated interest rate of $5\%,$ with interest receivable at the end of each year. The

fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is

considered to have an appropriate imputed rate of interest of $10\%.$

The following interest factors are provided:

$($a$)$

X Your answer is incorrect.

Determine the present value of the note. $($Round answer to $0$ decimal places, e$.$g$.5,275.)$

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

On December $31,2025.$ Metlock Company signed a $$1,054,800$ note to Bonita Bank. The market interest rate at that timewas $11\%.$

The stated interest rate on the note was $9\%,$ payable annually. The note matures in $5$ years. Unfortunately, because of lower sales,

Metlock's financial situation worsened. On December $31,2027,$ Bonita Bank determined that it was probable that the company would

pay back only $$632,880$ of the principal at maturity. However, it was considered likely that interest would continue to be paid, based

on the $$1,054,800$ loan.

$($a$)$

Your answer is incorrect.

Determine the amount of cash Metlock received from the loan on December $31,2025.($Round present value factors to $5$ decimal

places, eg$.0\mathrm{.}52513$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Amount of cash Metlock received from the loan $

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

On December $31,2025,$ Ayayai Company borrowed $$51,279$ from Pina Bank, signing a $6-$year, $$86,000$ zero$-$interest$-$bearing note.

The note was issued to yield $9\%$ interest. Unfortunately, during $2027,$ Ayayai began to experience financial difficulty. As a result, at

December $31,2027.$ Pina Bank determined that it was probable that it would receive back only $$51,600$ at maturity. The market rate

of interest on loans of this nature is now $15\%.$

Click here to view factor tables

$($a$)$

Prepare the entry to record the issuance of the loan by Pina Bank on December $31,2025.($Round present value factor calculations to

$5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.5,275.$ Credit account titles are automatically indented when the

amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List

all debit entries before credit entries.$)$

Attempts: $0$ of $5$ used

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.On December $31,2024,$ Marigold Company finished consulting services and accepted in exchange a promissory note with a face value

On December $31,2025,$ Metlock Company signed a $$1,054,800$ note to Bonita Bank. The market interest rate at that time was $11\%.$

The stated interest rate on the note was $9\%,$ payable annually. The note matures in $5$ years. Unfortunately, because of lower sales,

Metlock's financial situation worsened. On December $31,2027,$ Bonita Bank determined that it was probable that the company would

pay beck only $$632,880$ of the principal at maturity. However, it was considered likely that interest would continue to be paid, based

on the $$1,054,800$ loan.

$($a$)$

Your answer is incorrect.

Determine the amount of cash Metlock recelved from the loan on December $31,2025.($Round present value factors to $5$ decimal

places, eg$.0\mathrm{.}52513$ and final answer to $0$ decimal places, eg$.5,275.)$

Amount of cash Metlock received from