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PRINTER VERSION 4 BACK NEXT Question 3 Marin Corporation purchased a truck by issuing an $82,300, four-year, non-interest-bearing note to Equinox Inc. The market interest
PRINTER VERSION 4 BACK NEXT Question 3 Marin Corporation purchased a truck by issuing an $82,300, four-year, non-interest-bearing note to Equinox Inc. The market interest rate for obligations of this nature is 11%. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Prepare the journal entry to record the truck purchase. (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 tiiles and enter o for the amounts. Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e e.g. 5,275.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT
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