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Your answer is partially correct. Try again. Riverbed Corporation purchased a truck by issuing an $104,000 4-year, zero-interest-bearing note to Equinox Inc. The market rate
Your answer is partially correct. Try again. Riverbed Corporation purchased a truck by issuing an $104,000 4-year, zero-interest-bearing note to Equinox Inc. The market rate of interest for obligations of this nature is 10% Prepare the journal entry to record the purchase of this truck. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275. Credit account titles are automaticalily indented when amount is entered. Do not indent manually. I no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit rucks 22644 Discount on Notes Payable 22644 Notes Payable 104000
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