Presented below are two independent revenue arrangements for Tamarisk Company. Respond to the requirements related to each revenue arrangement. (a) Tamarisk sells 3D printer systems. Recently, Tamarisk provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Tamarisk sells Lyle Cartright a 3D system, receiving a $4,600 zero-interest-bearing note on January 1, 2022. The cost of the 3D printer system is $3,680. Tamarisk imputes a 6% interest rate on this zero-interest note transaction. Prepare the journal entry to record the sale on January 1, 2022, and compute the total amount of revenue to be recognized in 2022. (Credit account titles are automatically 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. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Account Titles and Explanation Debit Credit (To record sales) Cost of Goods Sold Inventory (To record cost of goods sold) Factor Tables Table 6.1 Future Value of 1 (Future Value of a Single Sum) (n) Periods 2% 1 2 3 4 5 6 7 8 9 10 11 FVFn,i = (1 + i)" (n) Periods 21/2% 3% 4% 5% 6% 8% 9% 10% 11% 12% 15% 1 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.08000 1.09000 1.10000 1.11000 1.12000 1.15000 2 1.04040 1.05063 1.06090 1.08160 1.10250 1.12360 1.16640 1.18810 1.21000 1.23210 1.25440 1.32250 3 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 1.25971 1.29503 1.33100 1.36763 1.40493 1.52088 4 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 1.36049 1.41158 1.46410 1.51807 1.57352 1.74901 5 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 1.46933 1.53862 1.61051 1.68506 1.76234 2.01136 6 1.12616 1.15969 1.19405 1.26532 1.34010 1.41852 1.58687 1.67710 1.77156 1.87041 1.97382 2.31306 7 1.14869 1.18869 1.22987 1.31593 1.40710 1.50363 1.71382 1.82804 1.94872 2.07616 2.21068 2.66002 8 1.17166 1.21840 1.26677 1.36857 1.47746 1.59385 1.85093 1.99256 2.14359 2.30454 2.47596 3.05902 9 1.19509 1.24886 1.30477 1.42331 1.55133 1.68948 1.99900 2.17189 2.35795 2.55803 2.77308 3-51788 10 1.21899 1.28008 1.34392 1.48024 1.62889 1.79085 2.15892 2.36736 2.59374 2.83942 3.10585 4.04556 11 1.24337 1.31209 1.38423 1.53945 1.71034 1.89830 2.33164 2.58043 2.85312 3.15176 3.47855 4.65239 12 1.26824 1.34489 1.42576 1.60103 1.79586 2.01220 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 13 1.29361 1.37851 1.46853 1.66507 1.88565 2.13293 2.71962 3.06581 3.45227 3.88328 4.36349 6.15279 14 1.31948 1.41297 1.51259 1.73168 1.97993 2.26090 2.93719 3.34173 3.79750 4.31044 4.88711 7.07571 15 1.34587 1.44830 1.55797 1.80094 2.07893 2.39656 3.17217 3.64248 4.17725 4.78459 5.47357 8.13706 16 1.37279 1.48451 1.60471 1.87298 2.18287 2.54035 3.42594 3.97031 4.59497 5.31089 6.13039 9.35762 17 1.40024 1.52162 1.65285 1.94790 2.29202 2.69277 3.70002 4.32763 5.05447 5.89509 6.86604 10.76126 18 1.42825 1.55966 1.70243 2.02582 2.40662 2.85434 3.99602 4.71712 5.55992 6.54355 7.68997 12.37545 19 1.45681 1.59865 1.75351 2.10685 2.52695 3.02560 4.31570 5.14166 6.11591 7.26334 8.61276 14.23177 20 1.48595 1.63862 1.80611 2.19112 2.65330 3.20714 4.66096 5.60441 6.72750 8.06231 9.64629 16.36654 21 1.51567 1.67958 1.86029 2.27877 2.78596 3.39956 5.03383 6.10881 7.40025 8.94917 10.80385 18.82152 22 1.54598 1.72157 1.91610 2.36992 2.92526 3.60354 5.43654 6.65860 8.14028 9.93357 12.10031 21.64475 23 1.57690 1.76461 1.97359 2.46472 3.07152 3.81975 5.87146 7.25787 8.95430 11.02627 13.55235 24.89146 24 1.60844 1.80873 2.03279 2.56330 3.22510 4.04893 6.34118 7.91108 9.84973 12.23916 15.17863 28.62518 25 1.64061 1.85394 2.09378 2.66584 3.38635 4.29187 6.84847 8.62308 10.83471 13.58546 17.00000 32.91895 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 26 1.67342 1.90029 2.15659 2.77247 3.55567 4.54938 7:39635 9.39916 11.91818 15.07986 19.04007 37.85680 27 1.70689 1.94780 2.22129 2.88337 3.73346 4.82235 7.98806 10.24508 13.10999 16.73865 21.32488 43-53532 28 1.74102 1.99650 2.28793 2.99870 3.92013 5.11169 8.62711 11.16714 14:42099 18.57990 23.88387 50.06561 29 1.77584 2.04641 2.35657 3.11865 4.11614 5.41839 9.31727 12.17218 15.86309 20.62369 26.74993 57-57545 30 1.81136 2.09757 2.42726 3.24340 4.32194 5.74349 10.06266 13.26768 17.44940 22.89230 29.95992 66.21177 31 1.84759 2.15001 2.50008 3.37313 4.53804 6.08810 10.86767 14.46177 19.19434 25.41045 33.55511 76.14354 32 1.88454 2.20376 2.57508 3.50806 4.76494 6.45339 11.73708 15.76333 21.11378 28.20560 37.58173 87.56507 33 1.92223 2.25885 2.65234 3.64838 5.00319 6.84059 12.67605 17.18203 23.22515 31.30821 42.09153 100.69983 34 1.96068 2.31532 2.73191 3.79432 5.25335 7.25103 13.69013 18.72841 25.54767 34.75212 47.14252 115.80480 35 1.99989 2.37321 2.81386 3.94609 5.51602 7.68609 14.78534 20.41397 28.10244 38.57485 52.79962 133.17552 36 2.03989 2.43254 2.89828 4.10393 5.79182 8.14725 15.96817 22.25123 30.91268 42.81808 59.13557 153.15185 37 2.08069 2.49335 2.98523 4.26809 6.08141 8.63609 17.24563 24.25384 34.00395 47.52807 66.23184 176.12463 38 2.12230 2.55568 3.07478 4.43881 6.38548 9.15425 18.62528 26.43668 37.40434 52.75616 74.17966 202.54332 39 2.16474 2.61957 3.16703 4.61637 6.70475 9.70351 20.11530 28.81598 41.14479 58.55934 83.08122 232.92482 40 2.20804 2.68506 3.26204 4.80102 7.03999 10.28572 21.72452 31.40942 45.25926 65.00087 93.05097 267.86355 33 34 35 36 37 38 39 40 Table 6.2 Present Value of 1 (Present Value of a Single Sum) 1 PVFn,i=1(1+i)n=(1+i)-n (n) (n) Periods 2% 21/2% 3% 4% 5% 6% 8% 9% 10% 11% 12% 15% Periods 1.98039 .97561 .97087 .96154 .95238 .94340 .92593 .91743.90909.90090 .89286 .86957 2.96117 .95181.94260 .92456 .90703 .89000 .85734 .84168 .82645 .81162 .79719 .75614 2 3.94232 .92860 .91514 .88900 .86384 .83962 .79383 .77218 .75132 -73119 .71178 .65752 3 4.92385 .90595 .88849 .85480 .82270 .79209 73503 .70843 .68301 .65873 .63552 57175 4 5 .90573 .88385 .86261 .82193 78353 74726 .68058 .64993 .62092 -59345 -56743 .49718 5 6 .88797 .86230 .83748 .79031 .74622 .70496 .63017 -59627 -56447 -53464 -50663 .43233 6 7.87056 .84127 .81309 .75992 -71068 .66506 -58349 -54703 -51316 -48166 -45235 37594 7 8.85349 .82075 .78941 .73069 .67684 62741 .54027 -50187 .46651 43393 .40388 32690 9.83676 .80073 .76642 .70259 .64461 -59190 -50025 .46043 .42410 39092 36061 .28426 10 .82035 78120 -74409 .67556 .61391 -55839 .46319 42241 38554 35218 32197 .24719 11 .80426 -76214 .72242 .64958 -58468 -52679 .42888 38753 35049 31728 .28748 21494 12.78849 .74356 -70138 .62460 -55684 -49697 39711 35554 31863 .28584 .25668 18691 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 13 .77303 .72542 .68095 .60057 -53032 .46884 36770 32618 .28966 25751 .22917 .16253 14 75788 .70773.66112 -57748 -50507 44230 34046 .29925 .26333 .23199 .20462 .14133 15 .74301 .69047 .64186 -55526 .48102 41727 31524 27454 .23939 .20900 .18270 .12289 16 .72845 .67362 .62317 -53391 .45811 39365 .29189 .25187 .21763 .18829 .16312 .10687 17 .71416 .65720 .60502 51337 .43630 37136 27027 -23107 .19785 .16963 .14564 .09293 18 .70016 .64117 -58739 -49363 -41552 35034 .25025 21199 17986 .15282 .13004 .08081 19 .68643 .62553 57029 .47464 39573 33051 23171 .19449 .16351 .13768 .11611 .07027 20 .67297 .61027 -55368 .45639 37689 31180 .21455 .17843 .14864 12403 .10367 .06110 21 .65978 -59539 -53755 -43883 35894 29416 .19866 .16370 .13513 .11174 .09256 .05313 22 .64684 -58086 -52189 42196 34185 27751 .18394 15018 .12285 .10067 .08264 .04620 23 .63416 -56670 .50669 40573 32557 .26180 .17032 .13778 .11168 .09069 .07379 .04017 24 .62172 -55288 .49193 39012 31007 24698 .15770 .12641 .10153 .08170 .06588 .03493 25 .60953 53939 -47761 37512 .29530 .23300 .14602 11597 .09230 .07361 .05882 .03038 26 59758 -52623 .46369 36069 .28124 21981 .13520 .10639 .08391 .06631 .05252 .02642 27 -58586 -51340 -45019 -34682 .26785 20737 12519 .09761 .07628 .05974 .04689 .02297 28 57437 -50088 .43708 33348 .25509 .19563 11591 .08955 .06934 .05382 .04187 .01997 29 -56311 .48866 -42435 32065 24295 .18456 .10733 .08216 .06304 .04849 .03738 .01737 30 -55207 .47674 .41199 30832 .23138 17411 .09938 .07537 .05731 .04368 .03338 .01510 31 -54125 .46511 39999 .29646 .22036 .16425 .09202 .06915 .05210 .03935 .02980 .01313 32 -53063 45377 38834 .28506 .20987 .15496 .08520 .06344 .04736 .03545 .02661 .01142 33 -52023 .44270 37703 .27409 .19987 .14619 .07889 .05820 .04306 .03194 .02376 .00993 34 51003 -43191 36604 26355 .19035 13791 .07305 .05340 .03914 .02878 .02121 .00864 35 -50003 .42137 35538 25342 .18129 13011 .06763 .04899 .03558 .02592 .01894 .00751 36 .49022 .41109 34503 .24367 .17266 12274 .06262 .04494 .03235 .02335 .01691 .00653 37 .48061 .40107 33498 23430 .16444 11579 .05799 .04123 .02941 .02104 .01510 .00568 38 47119 39128 -32523 .22529 .15661 .10924 .05369 .03783 .02674 .01896 .01348 .00494 39.46195 38174 31575 .21662 .14915 .10306 .04971 .03470 .02430 .01708 .01204 .00429 40 .45289 37243 30656 .20829 .14205 .09722 .04603 .03184 .02210 .01538 .01075 .00373 27 28 29 30 31 32 33 34 35 36 37 38 39 40
