Question: help with this question though I need you to change the numbers for me Rate view X 8 Chat Ask Al - Al Powered Che

help with this question though I need you to change the numbers for me

Rate view X 8 Chat Ask Al - Al Powered Che x | New Tab x + noodle.tru.ca/mod/quiz/review.php?attempt=2501481cmid=2082966 oodle myTRU Student Port.. . WileyPLUS @ hi M McGraw-Hill Conne. @ Pearson Student Log in - Pac. bott Brain Exercises, Brai. ard My courses My Media Q AS Question 1 (12 marks) On December 31, 2021, Benny's Equipment Corporation sold equipment by taking a $900,000, 3-year, non-interest-bearing note plus cash of $200,000. Benny's Equipment Corporation uses the perpetual inventory system and paid $600,000 for the equipment. The prevailing market rate for similar debt is 8%, Benny's Equipment Corporation will receive three equal yearly payments beginning on December 31, 2022. The company reports using IFRS. Required a. Calculate the present value of the note. (2 marks) b. Prepare the journal entries for the sale of the equipment. (2 marks) c. Provide the journal entries to record the receipt of all the yearly payments. Round amounts to the nearest dollar. (8 marks) ENG US Q Search F11 F12 Pre del ins E6 F7 PPI F8 F9 F10 F4 DIG F5 8 9 5

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