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Pharoah Well Services Ltd, purchased equipment for $895,000 on September 30, 2024. The equipment was purchased with a $157,000 cash down payment and through the

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Pharoah Well Services Ltd, purchased equipment for $895,000 on September 30, 2024. The equipment was purchased with a $157,000 cash down payment and through the issue of a $738,000,5-year, 4.8% mortgage note payable for the balance The terms provide for the mortgape to be repsid in monthly btended payments of $13,859 starting on October 31. Record the purchase and the issum of the note payable on September 30. (Uist all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record the first four instalment payments from October 31 to January 31. (List all debit entries before credit entries. Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is repulred, celect " No Entn" for the account tttis and enter 0 for the amounts. Round onswers to 0 decimal places, es. 5.275. Record journal entries in the order presented in the problem) Record the first four instalment payments on October 31 and January 31 assuming that the terms provided for monthly fixed principal payments of $12,300, rakier than blended pavments of $13.859. A ist all dehit entries before credt entries. Credt occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. Round answers to 0 decimal places, es. 5.275. Record journal entries in the order presented in the problem.)

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