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On April 1, Year 1, a new customer purchased a piece of equipment from Thomas Tech Center by paying $4,000 down and $8,000 at the end of each of the next 21 calendar quarters. What is the purchase price of the machinery if the rate of interest agreed upon was 36% compounded quarterly?! Complete the following from the perspective of Thomas Tech Center Which of the following Francial statement tems impacted in this transaction? The problem solving for The action involves Table Method X X Accounts Date of Sale Debit credite Prepare the journal entry to show how Thomas Tech Center would record the down payment Prepare the journal entry to show how Thomas Tech Center would record the receivable (1) Read the scenario and answer the three questions. (2) Fill in the table with the correct formula, find and enter the factor from the correct table to be used in the formula, then calculate the value the problem is solving for. Factor should be entered including four decimal places. All dollar amounts should be rounded to the nearest whole dollar. (3) Fill out the journal entries. On April 1, Year 1, a new customer purchased a piece of equipment from Thomas Tech Center by paying $4,000 down and $8,000 at the end of each of the next 21 calendar quarters. What is the purchase price of the machinery if the rate of interest agreed upon was 36% compounded quarterly?! Complete the following from the perspective of Thomas Tech Center Which of the following Francial statement tems impacted in this transaction? The problem solving for The action involves Table Method X X Accounts Date of Sale Debit credite Prepare the journal entry to show how Thomas Tech Center would record the down payment Prepare the journal entry to show how Thomas Tech Center would record the receivable (1) Read the scenario and answer the three questions. (2) Fill in the table with the correct formula, find and enter the factor from the correct table to be used in the formula, then calculate the value the problem is solving for. Factor should be entered including four decimal places. All dollar amounts should be rounded to the nearest whole dollar. (3) Fill out the journal entries

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