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Exercise 10-15 Whispering Corporation purchased a computer on December 31, 2016, for $123,900,...

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Exercise 10-15 Whispering Corporation purchased a computer on December 31, 2016, for $123,900, paying $35,400 down and agreeing to pay the balance in five equal installments of $17,700 payable each December 31 beginning in 2017. An assumed interest rate of 10% is implicit in the purchase price. Prepare the journal entry at the date of purchase. (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275 Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit December 31, 2016 SHOW LIST OF ACCOUNTS LINK TO TEXT

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