On August 31, 2021, Company ABC purchased a new machine The agreement stipulated that ABC make four payments of 75,000 i
Posted: Sun Apr 17, 2022 7:05 pm
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