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Recording Asset Acquisition through Debt Teslla Corporation purchased land by signing a note with the seller requiring 58,000 immediately and $22.400 twee years from purchase.

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Recording Asset Acquisition through Debt Teslla Corporation purchased land by signing a note with the seller requiring 58,000 immediately and $22.400 twee years from purchase. The notes non interest bearing, but the interest rate for similar and purchases with notes is 8% Note: Round your final answers to the nearest whole dollar a. Compute the value recorded in the Land account b. Compute the interest Tesila records for the first year of the note ! $ 640 X 640 X Check

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