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VIERO Current Attempt in Progress On September 30, 2017 Coldwater Corporation purchased equipment for $1.260,000. The equipment was purchased with a $90,000 down payment and
VIERO Current Attempt in Progress On September 30, 2017 Coldwater Corporation purchased equipment for $1.260,000. The equipment was purchased with a $90,000 down payment and a three-year, 4%, $1,170,000 bank loan for the balance. The terms provide for payment of the bank loan with quarterly fixed principal payments of $97,500, plus interest, starting on December 31. Coldwater has a November 30 year end and records adjusting entries annually Record the purchase of equipment on September 30, 2017. (Round answers to the nearest whole dollar. 5.275.Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Sept. 30 e Textbook and Media Question 1 of 2 /10 Record the accrual of interest expense on November 30, 2017. (Round answers to the nearest whole dollar, es 5,275. Credit account titles are automatically Indented when the amount is entered. Do not indent manually Date Account Titles and Explanotion Debit Credit Nov. 30 e Textbook and Media List of Accounts Record the first two instalment payments, on December 31, 2017 and Mardi 31, 2018 Round answers to the whole dolor, 5250 Credit account titles are automatically indented when the most senter Do not 10 non-current SW HER Question 1 of 2 - / 10 Record the first two instalment payments, on December 31, 2017, and March 31, 2018. (Round answers to the nearest whole dollar, c. 5.250. Credit account titles are automatically indented when the amount is entered. Do not indent manual) Debit Credit Date Account Titles and Explanation Dec 31, 2017 1 Mar 31, 2018 e Textbook and Media -current liabilities arentuin wo weeks Question 1 of 2 > -/10 Record the accrual of interest expense on November 30, 2017 and first two instalment payments, on December 31, 2017 and March 31, 2018 assuming that the terms provide for quarterly blended principal and interest payments of $103.953. rather than foxed principal payments of $97.500, plus interest. (Round answers to the nearest whole dollares. 5.250. Credit account titles are automatically indented when the amount is entered. Do not Indent manually! Debit Credit Date Account Titles and Explanation Nov. 30, 2017 Dec 31, 2017
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