PLUS E4 Backup: kleso, Intermediate Accounting, 12CE 02: SHERIDAN COLLEGE - TRAFALGAR CAMPUS: Kiese, Intermediate Accounting, 12C Volume 1 (120378) BA URCES uter 0:00 PM/Ram 16 Sandhill Inc. decided to purchase equipment from Central Ontario Industries on January 2, 2020, to expand les production capacity to meet customers' demand for produd, Santhal issued a $900.000, non-interest-bearing note to Central Ontario for the new equipment when the prevailing market interest rate for obligations of this nature was 115. The company will pay off the note in 6 151,000 instalment due at the end of each year of the note's (The tables in this problem are to be used as a reference for this problem Click here to view the faster table PRESENT VALUE OF 1 Ciekto in the factor Cable PRESENT VALUL DE ASANSUITY OE 1. (a) 2 your answer has been saved and sent for grading. See Gradebook for score details Prepare the journal entry at the date of purchase. Calculate the purchase price using any of the three methods (tables, financial calculator Excel). (Credit accountities are automatically indeed when the amount is entered the not inden manually. If no entry is required select "No Entry for the countles and enter for the sound factor was to decimal 1.25124 and finales to decimal places... 5.275) Debit Credit Date Account Tities and Explanation Jan 2, 2020 Equipment Notes Payable 635811 638011 Attempts of use Study Prepare the journal entries at the end of the first year to record the past side and interest in the company thirst method Credit account titles are tatically Indented when the amount is er. Do not inden maaily. I nevtrys pour select No Entry for the access and mater for the amounts found inwesto del places... 5.2733 Date Accountities and Explanation Debit Credit Dec 10 Jan 22 DOLL BAROP date Accounting. 120 DL: SHERIDAN COLLEGE-TRAFALGAR CAMPUS: Kiese, Intermediate Accounting. 12C Volume 1 (128370) End Tina Marin LU. BACK TE Date Acules and planation Debt Crni Jan 2, 2000 Equipment Notes Payable 638011 Attempts: 1 of 1 med h) Prepare the journal entries at the end of the first year to record the payment of principal and interest assuming that the company uses the effective interest method. (Credit occounties are totally Indented when the amount is entered. De net indent manually. If no entry is required select "No Entry for the accounts and entero for the amounts on loodud places, 5275.) Debit Credit Date Act Titles and antion Dec 212220 an.2.2023 DELL FSO ver Te