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Sheffeld inc bought an internet domainname by issuing a $216 , 000 , 6 ? year. non-interest-bearing note to Ti-Mine Corp. with an effective yield
Sheffeld inc bought an internet domainname by issuing a $216 , 000 , 6 ? year. non-interest-bearing note to Ti-Mine Corp. with an effective yield of 10% . The note is repayable in 6 annual payments of 536,000 made at the end of nach year. Elick here to vew TUDE A.4-PRESENT VALUE OF ANIORDINARY ANNUITYOF 1 Prepare the journal entry to record the purchase of the intangible asset. (Round factor values to 5 decimal places 25.125124 and final answer to 0 decimel places, es. 5.275 . Credit account tiles are automitically indented when the amount is entered Do not indert manualy /4 no entry is required, select "No entry" for the occount fities and enter Ofor the amounts. List debit entry before credit entryd
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