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Question 6 of 6 < > View Policies -/2 III Current Attempt in Progress On December 31, 2022, Shamrock plc acquired a computer from
Question 6 of 6 < > View Policies -/2 III Current Attempt in Progress On December 31, 2022, Shamrock plc acquired a computer from Plato Group by issuing a 606,000 zero-interest-bearing note, payable in full on December 31, 2026. Shamrock's credit rating permits it to borrow funds from its several lines of credit at 10%. The computer is expected to have a 5-year life and a 65,000 residual value. (a) Prepare the journal entry for the purchase on December 31, 2022. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to O decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation December 31, 2022 Debit Credit
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