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equal irstallinents of E20000 puyable exch December 31 bepinnine in 2022. Asiassumed interest rate of 98 is implicit in the purchase price. (a) Your anwwer is partially correct. Prepare the journal entry at the date of purchase. (Round foctor values to 5 decimal ploces e. 1.25124 and final antwees. to 2 decimal places, e.3. 52.75. Credit account titles are outematically indented when armount is entered. Do not indent. manualiy. If no entry is required, select "No Entey" for the acceunt titles and enter 0 for the amounts. Sweet plc purchaseda computer on December 31, 2021, for E130.000, paying E30.000 down and agreeing to poy the balance in five. equal installments of 120,000 payable each December 31 beginning in 2022 . An assumed interest rate of 916 is implicit in the purchase price. to 2 decimal places, e.5. 52.75. Credit account titles are automatically indented when amount is entered, vo not inaent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)