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please show work. On January 1, Snipes Construction paid for earth-moving equipment by issuing a $470,000, 6-year note that specified 4% interest to be paid
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On January 1, Snipes Construction paid for earth-moving equipment by issuing a $470,000, 6-year note that specified 4% interest to be paid on December 31 of each year. The equipment's retail cash price was unknown, but it was determined that a reasonable interest rate was 7%. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 At what amount should Snipes record the equipment and the note? What journal entry should it record for the transaction? Complete this question by entering your answers in the tabs below. ces Price of Equipment General Journal At what amount should Snipes record the equipment and the note? (Round your answer to the nearest whole dollars.) Price of equipment Price of fiquement General Journal > Book Journal entry worksheet Print > 0.4 66936 0.56311 046 04305 036875 032065 077901 0.348 021101 011456 14056 01073000015 006364 004549 01 000506 SES 3074191 862076 2.3307 0.47674 84110348 0.30833 0.167000.13138 0.0044 0.17411 0.1313 0.09933 0.07537 0.05731 0.00348 0.00 0.004 31 073456 6103104033 ASI 0.303 09046 033550033036 0.1908 1 013177009703000013 003210 000 000 0.00351 40067165 035136 043329 0610056 0.352570 2002 017193 614001 0111480097 0000710010 001114 000 00153 0.0107 00000 LE 3 Future Value of an ordinary Annuity of $1 FVA- 1 - +1) IN 407 ut 3 SP 50 155 7.016 10.09 11.09 SET 1 00001 10000 10000 00001 00001 9.09 10000 1346 1 0000 10000 10000 201002015020300 3.0004 10000 10000 10000 20250 30756 10000 2.0550 OSTO 0.04 10000 10000 106 10000 20700 1.000 20600 2 10000 21000 20500 0060 21100 20400 31216 3 20100 30909 41036 20450 31370 ISHO 00 TUOTE 10000 21200 33744 4.7793 SHITE LOCO 090 tots 32464 3.2711 THE VILI SUSI TOI o0o0 CHE LISE SI 2000 16400 55680 7.4416 41465 TREE PHLER 1905 45731 or OIH ISO INOL S1571 5.2010 52503 65 LOSES OS 5.3635 CI 5.4707 5.5256 S. 3.6771 S0006) 1865 BOSCO 6 63081 6.4654 6.6350 6.716 4.9713 7.3350 7.7156 7.9129 9.9299 2 6.3577 7544 7361 722 2893 0193 966 610 OCH Tor 6 7.1993 36540 102598 17294 9,0517 39220 OST BE TOS CEICA OCE PG 6 CHICS 8 WEDI O SP566 100 HZ MOCI 60 LOCI OVO ESIT DOO 7.5111 9.2004 11.0285 94512 9,7313 12915 2557 14121 30 98975 00046 COOL 11.4359 82009 9.7216 1106 12.579 125754 1667 DE 305 9.5593 10 500 Cost II 11 611 10.6365 124376 144866 13.0210 SOLSTI 11.0594 141640 167220 12 2997 147757 17 5482 207989 13164 62615 159374 CASES 13.1413 14.3040 SENTI 109716 11.5603 11 5312 19.5014 10.6548 POSTS PONYET VE SOSTISESTI OLI 95 SCOLI DEO 061 561 tot i 9901 Of 1951 OHM TORT 1 15.46.00 16.6455 18711 159171 161656 16 WORDE RETE TELETE 39 5300 OF CLE 15.7836 17385 201400 225505 108 201407 22.9534 1 TER ICONE 14 149 15.4504 979 13110 170 1770 162919 17 19 189321 207541 66 TL SI 026COE 19.5916 213786 ISID TE ONETE 245227 27.9750 317735 9 6611621 EUL TOOL 696091 51 262110 10.0949 H4054 06 A6 1610 9 600 22.4087 ES 27 1521 32 1936 37.2797 SPESIELT OG ET PEELISELT SE 21.7199 34.6411 23.6575 25 5404 25.6725 LOC 42.7533 11 184104 19 3014 2013 20141117010227050 23675 18196141 20:401411412136623414424499335 6154 7441 30.130 33.7902 LINE 196692 BILE LOGO CODE DE TOT! 36.9217 BOOM 105 9300 ISSE DE TOMEO 0666 OBEC 29:4812 COSTE HOLZ SERIE DE PLOTE IL GROSSE PER LE DOTEC 105447 455992 511391 OGES OC 33 7600 29.0636 1714 0.1950 56.9395 31.1027 1453 48 015 55.7497 01.09 72,0534 41.416 45.78.30 OCHU 33 0000 SEZ DE 40.9955 100115 OSLE BETO 156.00 CONTE SORTE CONSOLETTE 095 LEO 15 LSZH 2006) LEGO L2666 ESP LUFTS 31.7831 3.7193 37.7361 50.4119 54.7645 4.0035 72.41 610071 66.43 724355 79.05 4608 133 136. 1075 1640199 300 3400 111 116 0416543679604030674036 1.413 45303 08551070303130.7998 11660561547630 199.6351 159 055337425036136870914 737 Unnnn07 TABLE 4 Present Value of an Ordinary Annuity of $1 PVA 104 1.54 et WWE 35 40 5.09 7.09 w W.09 10.09 12.09 2001 NE 1958 TO 310060 0910 0106601 ET 0.92593 NO 01960 SCE 1 SHED CORO 1.95558 IHI! 0.96154 1 277509 1 1 0.94787 18413 269793 176136 09012 097087 154156 1 23 21500301 3.71710 47114 210 OLETE 095094 1.67367 27450 356755 41 011 060060606060 CHICO tot TESTET KIE LEO LEE 190667 ZROVE DE LOS 13541 22335 3.54595 267301 2:57710 It BOERE SOSIS CLOSE 2610 1731 1408 140 1418) 21054 2210957 310145 T25073 TISE GOL 150 KILICE SISSE KOLE CHE TO TLAS US ME PETIC 000 16 US S. PIPE LI'S 5.15 474054 TOS HO MOLTE 6.11454 CO009 OLTORS 3.00143 7 6.619 1 745164 7433 732540 Most 1624 104318 56197 S41719 6 23001 TO 774611 LES I PELIT HER GERES 2. OCTL659 ISS Port SHOP OLED OR CHOOS E 1910 1911 ORESUMES 26060 POLE OF CLEO HEELS 514864 SEO OCEED COUSE 7.70 760100 74333 8 110 6.591 7 2017 7.1073 79012123 010 100 FESIS USED SPRCO OTO BOS 783765 441106614437335419347 TMT TAT 9 SOLO IPSE SS18 SO WILSON LEDEL OF SOCIETE MEDICI CE 11 103070 107113 . 1161 30641 110 0011657534 10 776 9540006313 B 1937 14 11000 1350 1050 1129071097052 105612 1027723 3565 15 16 18 13 490 12018 1195741151141 111183910755 195796610075 CE 015 SO HT 75 LORES FO 6.00319 6.49500 6.70031.3770 370 1407) 88117 71033664 4.33 BOLIG LE 7.00 O COLCE LUSH 1616 HOME SOBOWE SILE LH 012 092 SUL FIALE E PSIC LES WEITE 16 141 1413136 137 13.0 13. ILMIT 11.48131225403 18.777 1048316 181058 11 15563490385 149 130 131 13612 12.10567 11,70719 1101103048 104723242 I 160 1161499303103113131313116590 12.1909 110 11.34001 10000 10.000 1 1700 WON ST H13094 13 12529 1308532 10 ILISELT 10300 1601 163114 HEN 14115413303313.00794 12 41 11114099 100 401 153 811 TE 910112097051 SRINIS 1855301707 CLETE CEL TOWER DHE IN HOW T F S S LE SHE FLOW IS THE 2111131141111011111411401411113111111 10 TM 20.93019 19.0 12.0 16 145 14511717431 1110274 151148 117 118 118 119 12046113041013341 10TH HET NIET TOUT LE TANLES, Future Value of an Annuity Due of $1 FVAD (t) LOS 2.5 2:39 401 100 554 72015 12.09 w OCEDI 1 1.54 1044 10150 10300 201512.000 1 0101 100Z 10 1 010 459 10450 21170 10.45 1.1000 10400 10350 20756 10500 604 100 218.30 11.09 11100 1 re 00501 ILEE 1.0700 10350 21680 DOTI 30.09 1.2000 26400 2 21001 DITE 3264 016 ICHZ 30604 st 10300 2009 31830 41051 34654 SESE TOIRE PIES SPICE 5601 3465 CLEE FREE OPEE 1905 35731 36410 3.7097 . DE 60% LESE OVE TO DI 4.363 325 ON VH 44165 44707 45256 4.6171 LOCE LES ISOS BLES BESES 5 5.15.20 45611 5881 LRES COSS 5666 623 56130 WILS GIONS ELS SI 65233 7150 12 71150 PP S SEL ESTE 70193 16540 7.6310 PO ort BE COST OPEL 165 II GOST MSCO 14572 104959 90696 . 6:40 415 2 7.7361 78923 2011 2214 1156 1991 9.2022 1010566 108633 11 1687 LAS 110 1200 12.404 100 DOC TEOB6 1 SUS 56 1900 11 PICCOL 690 MOOI 156 17216 102563 116754 116 ALLET 19. 9.8890 108594 13.1610 15.7220 165457 11614 198546 6 10.0366 115779 133061 COM 1975 10.4913 109730 12.08 128161 13.9716 14.7336 1121 SOLSTI DI 6 CON TELE TIME SC PETTE 15.6055 11116525 19.0411114111 12.7950 13.930 1600 148258 11110 11216001141404 14 115 11 30 156.368 15 MO 16.33 17. SOS 14.4540 16.15 149171 16 7110 153054 1728 217133 251110 TE ISOLE WE 1510 OC LESTE 7. 166167 DE 90 91 0615S! HOSPH POT & SOSSIE 185900 NE 6 TE 14 15 15.661 1629416119 175989112957 190216 15169169334 17 61031380191560199710303345 LORE SIE 60 GO HOOT 16 ICE IEEE DEE 19.7141 269750 107723 ELEO PEOPTE OGIN THE 0331 TE 228575 236111 SER ACER TIKETT LONTE SORTE 10 14 114104 1014 100111 1.5 30.7016 11.7050 11.6075 POPEYE 112129 COSTE 305643 270334 25.9954 E12 31.1093 Sos LIPLE IEEE HOTELE PERTEN tot TEEN HOE SIEGE 1 ILSETACEAE FESTEE LAUDE0610161 SOCCOLE ET CONSOLE COPE 0666 OSLER ESP LELEH COCO STIO OST EE SH OS SE 16:4502 06 41530 32.7800 501981 CO 200636 301714 1271 153.1400 320000 DER 11 135 IVT OG PES COM 361 19921 SEE INC SER FOTO CSP LOT ICON E TE THEOPS SHOES 0115 0905 11117161439 1.100 27.42 1.83 3.0.303437.5053 S4A 3 LS 465700 50 1135 581304 676765 33381014133000 4300111149558734 16.4194 03119 66100007435093 1263441111040477213800001143850 DE 2006 SCHNEIDER EHEI OKO 10t BLE 6 Present Value of an Annuity Due of $1 PVAD (+1) IN UT 1.346 2015 2396 3.0 3594 907 4.59 5.5% 6.09. 7.016 10.09 11.09 20.01 1 100000 5.04 100000 1 000001 3.09 100000 100000 1.00000 100000 000001 000001 TS151 1556 100000 1.961.54 000001 H0561 00000" 0161 SO 000001 RIGT 000001 IS1661 20861 STI 00000 100000 100000 1 000 CET 2 050061 60606 19661 ST 010661 OROLET 1944781 COSTI 19516 CALZEZ 192087 291547 1 294150 2.07267 235941 SITT COOLT 218600 1.77509 2.34633 309793 GE 278326 3.57710 116522 RISE 271554 271352209005352775 3.48605 3.4071 340131 310645 COOEE 10 VOTOS 962 391220 41543 L6106 SEE SUSIS 40773 3.67301 363432 446511430721 619 471710 467305 06670 458753 SESOFT ETELE LLORE FOSSE SEED SO 2861 . ESS 5.64583 5.57971 SOSIS CRISS 5399 STOLES 1116 oors SMRT OTELS 009 532045 6.07509 7 6.295-40 ILIO COS CROSO 041719 PRO NESTO 5.99533 EELISE | 5.76654 ESES 6719 759821 612055 711454 4.79079 4950 4.408.90 5.15530523054 51114133351 33607122055637860439 1 GIRL 7.30 723003 671617 LITRI ES 1929 LEDOED 0.01295 7.73319 16516 74719 3.32545 T00305 7.7324 OLOS CG 6 EACE 0510 PEEL 787390 TEPL 7.13457 720979 117014 97007 O1269 FESIS 674664 10 CODE 75611 : to o SE5659 LOS SOLES 0652 GOLD LEGERE 1368 110782 BESS COTON 2 3.72173 IL 1.56000 2013 BILE 11 10.471301022215 .90159 8.75105 9.33000 31661 12 11367691107112 107 10.1141101530 1000193 7.41766 7.14457 81933 102 103 70048 38587 1395 ELLIGE REST LE CBCS IP6 PS1606 STO LOBO 90 0015601 LES MESES 11 061 CEI STE 1196 THERE 192586 OCTOB SI SOSPESO MIOCI I WICIE ZE STELTE RECERCE ISOR CLO COLES OLLEY SPOTLOOP IL DO GOCER GEN 35608 1607 14 BE 9.35785 9.74567 15 1400370 13 54515 13.10635 1100001 12207 11.92052 115031211221) 107864 1038965 1029191 3.103367.1497 76035555 36609790170817 0105 STRE PE . 16 14.36305 14.30393 1534936 13.34138 1393704 12:31941 12.118 117355 11.379661123758 10.71225 19.10791 17 15:71787 15.1136145777 14.05500 13.56110 13.09412 12.65230 12.334021123777 11.46310 11 10590 16-44665 985137 11650725 90705. 1529137 4.7330 H1601211.65312 13 16567 12.70719 12.71407 1116461 4 10.76322 1012164 GROW ORIES 3.60608 1907 13100 SA 323737916797199 379956 9.0215554791163714 SIST COTT HOES SEO 6055011 OREILLEZI 6569916665160501 SERIES 66 29 61 0909 01 OSETI RITISODES THETHI SE WOZY TESTO ES526 TO 66 362 339 3478 11 19.04555 464 11.35145 1696 15.7100 1.11340 14.59033 14.00704 13.46121 12.950 12.46991 19401 10.1115 10.10355 356 33 34 35 33 2234139 14090393 199 1793554 1705831 16 3400 1549548 149 151701355036 114000 11001 10.70601 94946147 . 166 NS TO THE CUTII THE LOOSE COIHI DOZIONE LUSCO 61 SUITESSES THE OCER 6500 OSO ( 4031050) 30181013573054302231015020564411922996 101704 1666 1594907141281858 110 150 915 9159953
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