The accountant has made the following calculations and journal entries to record the following transactions. There are numerous errors. You will need to find the calculation and/or journal entries that are incorrect, 1. write the correct answer, showing your work and/or correct journal entry and 2. explain how the accountants errors would affect the financial statements.

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2. To purchase the land, building, and equipment, SpaceX issued a $5,000,000,5%, six-year note. The monthly payment is $51,690, which includes principal and interest payments. 2. To purchase the land, building, and equipment, SpaceX issued a $5,000,000,5%, six-year note. The monthly payment is $51,690, which includes principal and interest payments