Future A On January 1, 2021, XYZ. Corporation sold equipment that con S00,000 and that...
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Future A On January 1, 2021, XYZ. Corporation sold equipment that con S00,000 and that had cumulated intom of the date of sale XY2 cm de 550.000 and a $330.000 non interest bearing note due on December 31, 2024. The prevailing tale of interest for type lary 1, 2020, Present Present value of value of vale or Future an Value of Preet ordinary ordinary annut 1 value ori annity annalty due 1 4 11896 0.8340 424646 16290 2.77509 4% 1. Prepare the journal entry to record XYZ Co.'s sale of equipment on 01/01/21. polets) Debit Credit Account the Account Title Debit Credit 2. Prepare the journal entry() for year ended 12/31/22(1.e. end of the second year), If any, associated with this sale of equipment. (4 points) Debit Credit Account Title is 3. The total interest revenue that would be recognized over the life of the note by XYZ (3 points) toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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