ces, 54 seconds question Completion Status: Close Window Moving to another question will save this response Question 2 of 7 Question 2 is poines Assume that for all questions, the company's year-end is 12/31. Part B: On January 1, 2021, XYZ Corporation sold equipment that had a cost of $350,000 and accumulated depreciation of 100,000 to ABC XYZ received as consideration a down payment of $80,000 and a $250,000 non-interest-bearing note due on December 31, 2024. The prevailing rate of interest for a note of this type on January 1, 2021, was 4%. Pret wale of Prest value of Vio 1 115 weet 1 ody ordinary 2.7502 362900 PORMAT PROVIDED Prepare the entry to read XYZ.Cole of equipment on 01/04/21 (8) Remaining Time: 40 minutes, 36 seconds. Question Completion Status: COPY QUESTIONS 1-3 ANSWER IN THE FORMAT PROVIDED 1. Prepare the journal entry to record XYZ Co.'s sale of equipment on 01/01/21. (Spts) Account Title Debit Credit 2. Prepare the journal entry) for year ended 12/31/22/1.e. end of the second year), if any, associated with this sale of equipment (pes) Account Title Debit Credit 2. Prepare the journal entry(s) for year ended 12/31/22(i.e. end of the second year), if any, associated with this sale of equipment. (4 Account Title Debit Credit 3. What is the total interest revenue that would be recognized over the life of the note by XYZ? (2pts) For the targress LT-10 (C) or ALT.PNFD Mac) TTTTPhy Times New Font site-JE- T