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Remaining Time: 2 hours, 59 minutes, 50 seconds. Question Completion Status: Question 1 20 pts Assume that for all questions, the company's year-end is 12/31.

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Remaining Time: 2 hours, 59 minutes, 50 seconds. Question Completion Status: Question 1 20 pts Assume that for all questions, the company's year-end is 12/31. Part A: On September 30, 2021. XYZ Corporation (an equipment manufacturer) sold equipment that cost $150.00 ABC Conary construction company). The agreement stipulated that ABC would pay a down payment of $75,000 and make five payments or so, include interest) annually on September 30. The first note payment is to be made on September 30, 2022. Assuming that a prevailing interest rate of 6% applies to this contract: Present Present Future value of value of value of ordinary diary Future Value of 1 1.123 Present value of 1 0.74726 any dur 5 5. 42126 COPY QUESTIONS 1-4; ANSWER IN THE FORMAT PROVIDED. 1. Prepare the journal entry for XYZ to record the sale of the equipment on 3021.pe) AT Remaining Time: 2 hours, 59 minutes, 01 second, Question Completion Status: 2. Prepare the journal entry() for XYZ for year ended 12/31/22, if any, asociated with this sale of the equipment pts) AccouTube Debit 1. Prepare the entry for the receipt of payment on 9/30/2023 for XYZ if the company does not reversing entries.(3) AT Debit C Prepare the journal entry for ANC terweard the purchase of the equipment on 021) Question Completion Status: 4. Prepare the journal entry for ABC to record the purchase of the equipment on 9/30/21. (5pts) A Tale Debit Credit 313 Paymen Ana *DOS

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