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On September 30, 2021, Olympe Maxime acquired a flying carriage, agreeing to pay $1,250,000 immediately and then another $1,250,000 on September 30, 2023. An interest

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On September 30, 2021, Olympe Maxime acquired a flying carriage, agreeing to pay $1,250,000 immediately and then another $1,250,000 on September 30, 2023. An interest rate of 11% reflects the time value of money for this type of loan agreement. (PV of $ PVA of S1) (You can use Excel, your financial calculator or the provided tables.) 1. For what amount should Olympe Maxime record the carriage on September 30, 2021? 2. Prepare the journal entry to record the acquisition of the carriage on September 30, 2021. Amount Journal Entry Requirement For what amount should Olympe Maxime record the acquisition of the carriage on September 30, 2021? Rocorded amount of carriago

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