Current Attempt $in$ Progress

Waterway Corporation purchased a computer $on$ December $31,2024,$ for $$144,900,$ paying $$41,400$ down and agreeing $to$ pay the

balance $in$ five equal installments $of$ $$20,700$ payable each December $31$ beginning $in2025.An$ assumed interest rate $of10\%is$

implicit $in$ the purchase price.Prepare the journal entry $at$ December $31,2025,to$ record the payment and interest $(effective-$interest method employed$).$

$(Round$ answers $to2$ decimal places, $e.g.52\mathrm{.}75.$ Credit account titles are automatically indented when amount $is$ entered. $Do$ not indent

manually. $Ifno$ entry $is$ required, select $"No$ Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit

entries.$)$