Question: On September 1 , 2 0 2 3 , Rupert Ltd . purchased equipment for $ 3 0 , 0 0 0 by signing a

On September 1,2023, Rupert Ltd. purchased equipment for $30,000 by signing a two-year note payable with a face value of $30,000 due on September 1,2025. The going rate of interest for this level of risk was 8%. The company has a December 31 year end. (The tables in this problem are to be used as a reference for this problem.)
PLEASE HELP WITH ENTRIES FOR SEPT 1/23 to SEPT 1/25 FOR A 2% INTEREST BEARING NOTE WITH INTEREST DUE EACH SEPT 1.
On September 1 , 2 0 2 3 , Rupert Ltd . purchased

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