Wildhorse Corporation purchased a computer on December $31,2024,$ for $$142,800,$ paying $$40,800$ down and agreeing to pay the balance in five equal installments of $$20,400$ payable each December. $31$ beginning in $2025.$ An assumed interest rate of $9\%$ is implicit in the purchase price,

$($a$)$

Your answer is partially correct.

Prepare the journal entry at the date of purchase. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $2$ decimal places, e$.$g$.52\mathrm{.}75.$ Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$