Question: How do you find out which table I need to use to solve the problem, like how am I know when I need FVA of

On January 1, Snipes Construction paid for earth-moving equipment by issuing a

$350,000, 2-year note that specified 4% interest to be paid on December

How do you find out which table I need to use to solve the problem, like how am I know when I need FVA of $1, or FVAD or PVA or whatever...

I don't know which one do you need to help me solve this problem... but I quess all these tables are on the internet...

31 of each year. The equipment's retail cash price was unknown, but

it was determined that a reasonable interest rate was 7%. (FV of

On January 1, Snipes Construction paid for earth-moving equipment by issuing a $350,000, 2-year note that specified 4% interest to be paid on December 31 of each year. The equipment's retail cash price was unknown, but it was determined that a reasonable interest rate was 7%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) At what amount should Snipes record the equipment and the note? What journal entry should it record for the transaction? Complete this question by entering your answers in the tabs below. Price of General Equipment Journal At what amount should Snipes record the equipment and the note? (Round your answer to the nearest whole dollars.) Price of equipment

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