Can someone do E10-15

538 Chapter 10 Acquisition anu D sposition of Property, Plant, and Equipment E10-15 (LO4) (Purchase of Computer with zero-Interest-Bearing Debt Cardinals Corporation purchased a computer on December 31, 2016, for $105,000, paying S30,000 down and agreeing to pay the balance in five equal installments of $15,000 pay- able each December 31 beginning in 2017. An assumed interest rate of 10% is implicit in the purchase price. Instructions (Round to two decimal places.) (a) Prepare the journal entry(ies) at the date of purchase. ournal entry (ies) at December 31, 2017, to record the payment and interest (effective interest method (b) Prepare the j employed) pare the journal entry (ies) at December31,2018, to record the payment and interest (effective-interest methodemployed) E10-16 (Lo3,4) GROUPwORK (Asset Acquisition) Hayes Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a lump sum for s100,000 cash. The following information was gathered Depreciation to Date on Seller's Book Value on Initial Cost on