At January 1,2024, Brant Cargo acquired equipment by issuing a five-year,...
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Accounting
At January Brant Cargo acquired equipment by issuing a fiveyear, $payable at maturity note. The market rate of interest for notes of similar risk is
Required:
to Prepare the necessary journal entries for Brant Cargo.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Round your final answers to the nearest whole dollar. Use tables, Excel, or a financial calculator. FV of $ PV of $ FVA of $ PVA of $ FVAD of $ and PVAD of $
Record the purchase of equipment.
Record the interest expense.
Record the interest expense.
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