Question: Current Attempt in Progress Whispering plc purchased a truck by issuing an 67,200, 4-year, zero-interest-bearing note to Equinox Inc. The market rate of interest for

 Current Attempt in Progress Whispering plc purchased a truck by issuing

Current Attempt in Progress Whispering plc purchased a truck by issuing an 67,200, 4-year, zero-interest-bearing note to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit

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