M9-12 (Static) Computing Present Values and Recording Long-Term Liabilities LO9-8 MoonShine Company signed a note for $50.000 to purchase a new piece of equipment. MoonShine will pay back the $50,000 at the end of two years along with any occrued interest. The annual interestrate on the loan is 6%. Required: 1. Compute the present value of this long-term lobility. (FV of S1. PV of.51. EVA of.51, and PVA of S1) (Use the oppropriate foctor(5) from the tables provided.) 2. Prepore the journal entry Moonshine will record on the day it purchoses the piece of equipment and signs the note (If no entry is required for o tronsection/event, select "No journol entry required" in the first occount field.) Journal entry worksheet Record the purchase of equipment and signing of the note. Follini tinter detikn thelore ornders. M9-12 (Static) Computing Present Values and Recording Long-Term Liabilities LO9-8 MoonShine Company signed a note for $50.000 to purchase a new piece of equipment. MoonShine will pay back the $50,000 at the end of two years along with any occrued interest. The annual interestrate on the loan is 6%. Required: 1. Compute the present value of this long-term lobility. (FV of S1. PV of.51. EVA of.51, and PVA of S1) (Use the oppropriate foctor(5) from the tables provided.) 2. Prepore the journal entry Moonshine will record on the day it purchoses the piece of equipment and signs the note (If no entry is required for o tronsection/event, select "No journol entry required" in the first occount field.) Journal entry worksheet Record the purchase of equipment and signing of the note. Follini tinter detikn thelore ornders