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QUESTION 3 A. On January 1, 2021, XYZ Corporation sold equipment that cost $500,000 and that had accumulated depreciation $330,000 non-interest-bearing note due on December 31, 2024. The prevailing rate of interest for a note of this ty Future Present Present value of value of value of Future an Value of Present ordinary ordinary annuity 1 value of 1 annuity annuity due i 4 1.18986 0.85480 4.24646 3.62990 3.77509 4% an n 1. Prepare the journal entry to record XYZ Co.'s sale of equipment on 01/01/21. (9 points) Account Title Debit Credit QUESTIONS th January 1, 2001 VEC December 2014 The Tum re Wald Le din w dur . ONS 1. Prepare the reality to XYZ.Com Anne Di 2. Prepare the journal entry(s) for year ended 12/31/22(e. end of the second year), if any, associated with the sale of it. ) Account Title Debit Credit 3. The total interest revenue that would be recognized over the life of the note by XYZ is (3 points) the toolbar. Dress ALTF10PCIAR ALTEN INIMA 2021. XYZ Corporation sold equipment that cost $500.000 and that had accumulated depreciation of $360,000 on the date of sale. XYZ receive terest-bearing note due on December 31, 2024. The prevailing rate of interest for a note of this type on January 1, 2020, wa 4% Future Present Present value of value of value of ature an lue of Present ordinary ordinary annuity 1 value of 1 annuity annuity due i 8986 0.85480 4.24646 3.62990 3.77509 4% an an

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