Current Attempt in Progress Your answer is partially correct. Sheffield Inc. bought an internet domain name by issuing a $216,000. 6-year, non-interest-bearing note to Ti-Mine Corp. with an effective yield of 10%. The note is repayable in 6 annual payments of $36.000 made at the end of each year. Click here to view Table A4-PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 Prepare the journal entry to record the purchase of the intangible asset. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, eg. 5,275. 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 O for the amounts. List debit entry before credit entry) Account Titles and Explanation Intangible Assets Notes Payable eTextbook and Media Debit 216000 Credit 216000