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PLEASE just put answer i dont understand it at all so an explanation will NOT help, just lines with answers please Required information (The following
PLEASE just put answer i dont understand it at all so an explanation will NOT help, just lines with answers please
Required information (The following information appies to the questions displayed below) Marshall Corporation purchased equipment and in exchange signed a three-year promissory note. The note requires Marshall to make equal annual payments of $20,000 at the end of each of the next three years. Marshall has other promissory notes that change interest at the annual rate of 6 percent 2. to 5. Show the joumal entries to record the equipment purchase and the first payment, second payment, third payment of $20,000 at the end of the first second and third year respectively. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Round your final answers to the nearest whole dollar amount) View transaction list Journal entry worksheet Journal entry worksheet ABCD Record the journal entry for the purchase of equipment Record the adjusting journal entry at the end of the first year to record the first payment of $20,000 Note: Enter debits before credits Note: Enter debits before credits. Transaction General Journal Debit Credit Transaction General Journal Debit Credit Record entry Clear entry View general Journal Record entry Clear entry View general Journal Journal entry worksheet Journal entry worksheet A B C D Record the journal entry at the end of the second year to record the second payment of $20.000 Record the journal entry at the end of the third year to record the third payment of $20,000. Kicte: Enter deb tu bafere credits Note: Enter debits before credits Transaction General Journal Debit Credit Transaction General Journal Debit Credit Record entry Clear entry View general journal Record entry clear entry View general Journal Record the journal entry for the purchase of equipment. B Record the adjusting journal entry at the end of the first year to record the first payment of $20.000. C Record the joumal entry at the end of the second year to record the second payment of $20,000. Record the joumal entry at the end of the third year to record the third payment of $20,000
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