Pronghorn Inc. bought an internet domain name by issuing a $234,000,6-year, non-interest-bearing note to Ti-Mine...
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Pronghorn Inc. bought an internet domain name by issuing a $year, noninterestbearing note to TiMine Corp. with an effective yield of The note is repayable in annual payments of $ made at the end each
Click here to view Table A PRESENT VALUE OF AN ORDINARY ANNUITY OF
Prepare the journal entry to record the purchase of the intangible asset. Round factor values to decimal places, eg and final answer to decimal places, eg Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter for the amounts. List debit entry before credit entry.
Account Titles and Explanation
Debit
Credit
Answer & Explanation
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