Can this please be explained as well.

+ Ch 10: Homework Question 16 of 17 0.33/1 View Policies Show Attempt History Current Attempt in Progress Sweet Corporation purchased a computer on December 31, 2019, for $140,700, paying $40,200 down and agreeing to pay the balance in five equal installments of $20,100 payable each December 31 beginning in 2020. An assumed interest rate of 9% is implicit in the purchase price. (a) Your answer is correct. Prepare the journal entry at the date of purchase. (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) late Account Titles and Explanation Debit Credit er 31, 2019 Equipment 118382 Discount on Notes Payable 22318 Notes Pavabla 100500 Cash 40200 + Ch 10: Homework Question 16 of 17 0.33/1 (b) Prepare the journal entry at December 31, 2020, to record the payment and interest (effective interest method employed). (Round answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) late Account Titles and Explanation Debit Credit er 31, 2020 Interest Expense Notes Payable Discount on Notes Payable Cash cTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer (c) + Ch 10: Homework Question 16 of 17 0.33/1 (c) Prepare the journal entry at December 31, 2021, to record the payment and interest (effective interest method employed). (Round answers to 2 decimal places, eg. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit December 31, 2021 c Textbook and Media List of Accounts Save for Laler Attempts: 0 of 3 used Submit