Pronghorn Inc. bought an internet domain name by issuing a $$234,000,6-$year, non$-$interest$-$bearing note to Ti$-$Mine Corp. with an effective yield of $10\%.$ The note is repayable in $6$ annual payments of $$39,000$ made at the end each

Click here to view Table A$.4-$ PRESENT VALUE OF AN ORDINARY ANNUITY OF $1$

Prepare the journal entry to record the purchase of the intangible asset. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.5,275.$ 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 $0$ for the amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit