Click here to view Table A$.4-$ PRESENT VALUE OF AN ORDINARY ANNUITY OF $1$ Prepare the general journal entries to record the acquisition and the subsequent payment, including any notes payable, in each of the three independent cases above. For item $3,$ use a table, financial calculator, or Excel. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.5,275.)$ No$.$ Account Titles and Explanation

$1.$

GST Receivable

$($Purchase of equipment on account$)$

$($Payment on account$)$

$2.$

$($To record exchange of equipment$)($Payment on account$)$

$3.$

$($Purchase of equipment for cash and a note payable$)$

First Payment on the Note

$($To record instalment payment on note.$)$

Second Payment on the Note

$($To record instalment payment on note.$)$