Scenario 2 On November 30, 2020, Trogiic Equipment Supply Corp. a packaging machine to a customer for $202,800. Triglic agreed go accept a two-year, zero-interest note with monthly payments of $8,450 beginning on November 30, 2020. Trygiic Equipment Supply Corp. normally incurs interest at a rate of 7.1% and the customer incurs interest at 9.5% on loans for similar periods. nper PMT O or 1 6 points Determine the following amounts that Trvglic Equipment Supply Corp. would report in its GAAP financial statements for the year ended December 31, 2020. Sales Revenue 2 points Interest Revenue 2 points Notes Receivable Carrying Value 2 points You must complete this amortization table using Excel formulas to support your answers above other than Sales Revenue. Income Statement Statement of Cash Flows Amortization of Carrying Value Balance Sheet Period Interest Revenue Cash Received Amortization Carrying Value 6 points 0 Loan Amortization Bond Valuation Prepare the journal entries that Trygiic Equipment Supply Corp. would record on each of the dates given. You will not use every line. 3 points per entry = 9 points DATE 30-Nov ACCOUNT NAMES DEBIT CREDIT 30-Nov roblems Loan Amortization Bond Valuation ULAWN Analyze the three scenarios below that will require you to compute the present value of a transaction involving at future cash flows. Indicate the inputs that you will use to perform your analyses in the ation in the space provided for the PV. Answer the follow up questions. You must use Excel formulas to perform all calculations. Scenario 2 On November 30, 2020, Trogiic Equipment Supply Corp. a packaging machine to a customer for $202,800. Triglic agreed go accept a two-year, zero-interest note with monthly payments of $8,450 beginning on November 30, 2020. Trygiic Equipment Supply Corp. normally incurs interest at a rate of 7.1% and the customer incurs interest at 9.5% on loans for similar periods. nper PMT O or 1 6 points Determine the following amounts that Trvglic Equipment Supply Corp. would report in its GAAP financial statements for the year ended December 31, 2020. Sales Revenue 2 points Interest Revenue 2 points Notes Receivable Carrying Value 2 points You must complete this amortization table using Excel formulas to support your answers above other than Sales Revenue. Income Statement Statement of Cash Flows Amortization of Carrying Value Balance Sheet Period Interest Revenue Cash Received Amortization Carrying Value 6 points 0 Loan Amortization Bond Valuation Prepare the journal entries that Trygiic Equipment Supply Corp. would record on each of the dates given. You will not use every line. 3 points per entry = 9 points DATE 30-Nov ACCOUNT NAMES DEBIT CREDIT 30-Nov roblems Loan Amortization Bond Valuation ULAWN Analyze the three scenarios below that will require you to compute the present value of a transaction involving at future cash flows. Indicate the inputs that you will use to perform your analyses in the ation in the space provided for the PV. Answer the follow up questions. You must use Excel formulas to perform all calculations
