On August 31, 2021, Company ABC purchased a new machine The agreement stipulated that ABC make four payments of 75,000 i

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answerhappygod
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On August 31, 2021, Company ABC purchased a new machine The agreement stipulated that ABC make four payments of 75,000 i

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On August 31, 2021, Company ABC purchased a new machine The agreement stipulated that ABC make four payments of 75,000 is to be made on August 31 , 2021. Assume that a market interest rate of 5% . N=4 i=5% 1. record compant purchase of machine 2. prepare JE associciatrf with purchase of equiopment
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