Current Attempt in Progress

Presented below are two independent revenue arrangements for Carla Vista Company.

Respond to the requirements related to each revenue arrangement.

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$($a$1)$

Carla Vista sells $3$D printer systems. Recently, Carla Vista provided a special promotion of zero$-$interest financing for $2$ years on any new $3$D printer system. Assume that Carla Vista sells Lyle Cartright a $3$D system, receiving a $$4,800$ zero$-$interest$-$bearing note on January $1,2025.$ The cost of the $3$D printer system is $$3,840.$ Carla Vista imputes a $6\%$ interest rate on this zero$-$interest note transaction. Prepare the journal entry to record the sale on January $1,2025.($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. Round present value factor calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and the final answer to $0$ decimal places eg$.58,971.$ List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Jan. $1,2025$

Debit

Credit