On December 31,2025, Windsor Company acquired a computer from Plato Corporation by issuing a $650,000.00...

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Accounting

On December 31,2025, Windsor Company acquired a computer from Plato Corporation by issuing a $650,000.00 zero-interest-bearing note, payable in full on December 31,2029. Windsor Company's credit rating permits it to borrow funds from its several lines of credit at 12%. The computer is expected to have a 5-year life and a $76,000 salvage value.
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(a)
Prepare the journal entry for the purchase on December 31,2025.(Round present value factor calculations to 5 decimal places, e.g.1.25124 and the final answers to 2 decimal places, e.g.58,971.23. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titlec are automatically indented when the amount is entered. Do not ind
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