Question: Provide the correct Answer, don't use chatGPT /AI bot other wise down vote Lincoln Company purchased merchandise from Grandville Corp. on September 30, 2021. Payment

Provide the correct Answer, don't use chatGPT /AI bot other wise down vote

Lincoln Company purchased merchandise from Grandville Corp. on September 30, 2021. Payment was made In the form of a noninterest-bearing note requiring Lincoln to make six annual payments of $4,600 on each September 30, beginning on September 30, 2024. (FV of $1, PV of $1, EVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to nearest whole dollar amount.) Required: Calculate the amount at which Lincoln should record the note payable and corresponding purchases on September 30, 2021, assuming that an Interest rate of 10% properly reflects the time value of money in this situation. Amount recorded

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