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On October 1,2025, Oriole Equipment Compary sold a pecan harvesting machine to Valco Brothers Farm, inc In liev of a cash payment Valco Brothers Farm

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On October 1,2025, Oriole Equipment Compary sold a pecan harvesting machine to Valco Brothers Farm, inc In liev of a cash payment Valco Brothers Farm gave Arden a 2-year, $110,800,10% note fa realistic rate of interest for a note of this type). The note required interest to be paid annually on October 1, Orioles financial statements are prepared on a calendar-year basis. Assuming Valco Brothers Farm fulfils all the terms of the note, prepare the necessary joumal entries for Oriole Equipment Company for the entire term of the note. (Record journal ontries in the order presented in the problem. If ro entry is required, select "No Enty" for the manually Hat all debit entries before credit entries

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