Current Attempt in Progress

Splish Cosmetics Co$.$ purchased machinery on December $31,2024,$ paying $$49\mathrm{.}100\mathrm{.}00$ down and agreeing to pay the balance in four equal installments of $$43,200\mathrm{.}00$ payable each December $31$ An assumed interest of $8\%$ is implicit in the purchase price.

Click here to view factor tables.

Prepare the journal entries that would be recorded for the purchase and for $(1)$ the payments and $(2)$ interest on the following dates. $($Round present value factor to $5$ decimal places, eg$.1\mathrm{.}23465$ and final answers to $2$ decimal places, eg$.38,548\mathrm{.}23.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

$($a$)$ December $31,2024$

$($b$)$ December $31,2025$

$($c$)$ December $31,2026$

$($d$)$ December $31,2027.$

$()$ December $31,2028$

No$.$ Account Tritles and Explanation

Debit

Credit

$($a$)$

Machlnery

Dlscount on Notes Payable

Cash

Notes Payable

$($b$)(1)$

Notes Pryable

$43,200$

Cash

$\backslash$table$[[$