Basic PV Problems

Scenario 2 On November 30, 2020, Trygic Equipment Supply Corp. a packaging machine to a customer for $202,800. Trygiic agreed go accept a two-year. zero-interest note with monthly payments of $8,450 beginning on November 30, 2020. Trvgiic Equipment Supply Corp. normally incurs interest at a rate of 7.1% and the customer incurs interest at 9.5% on loans for similar periods. nperPMTFV O or 1 6 points Determine the following amounts that Trvalic Equipment Supply Corp. would report in its GAAP financial statements for the year ended December 31, 2020. Sales Revenue 2 points Interest Revenue 2 points Notes Receivable Carrying Value 2 points You must complete this amortization table using Excel formulas to support your answers above other than Sales Revenue. Ingome Statement Statement of Cash Flows Amortization of Balance Sheet Carrying Value Period Interest Revenue Cash Carrying Value Received Amortization 6 points Prepare the journal entries the Triglic Equipment Supply Corp. would record on each of the dates given. You will not use every line. 3 points per entry = 9 points Carrying Period Interest Revenue Cash Received Amortization 6 points Value Prepare the journal entries that Trvgiic Equipment Supply Corp. would record on each of the dates given. You will not use every line. 3 points per entry = 9 points DATE ACCOUNT NAMES DEBIT CREDIT 30-Nov 0 30-Nov 31-Dec