Required information On January 1st, 2024, Jurassic Pork, a food truck specializing in smoked ribs and...

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Required information On January 1st, 2024, Jurassic Pork, a food truck specializing in smoked ribs and pulled pork, is purchasing a new food truck for its fleet by signing a note payable which includes an interest rate of 7%. The company will choose between the following two options for the terms of its note payable: Option 1. Payments of $15,000 at the end of each year for 4 years, starting 12/31/24. Option 2. A single payment of $66,000 in 4 years. (PV table, PVA table) Assume Jurassic Pork chooses option 2 (and therefore does not choose option 1). Record the appropriate journal entries at each of the following dates: (PV table, PVA table) View transaction list Journal entry worksheet 2 Prepare the journal entry for Jurassic Pork's purchase of the food truck on January 1, 2024 assuming it selects option 2, a single payment of $66,000 in 4 years. Recall that the truck is being purchased by signing a note payable with an interest rate of 7%. If no journal entry is required, select "No journal entry required" in the first account title box below. Note: Enter debits before credits. A Date B Account Title C D Debit Credit 1 01/01/2024 2 3 4 5 6 View general Journal Record entry Clear entry Required information On January 1st, 2024, Jurassic Pork, a food truck specializing in smoked ribs and pulled pork, is purchasing a new food truck for its fleet by signing a note payable which includes an interest rate of 7%. The company will choose between the following two options for the terms of its note payable: Option 1. Payments of $15,000 at the end of each year for 4 years, starting 12/31/24. Option 2. A single payment of $66,000 in 4 years. (PV table, PVA table) Assume Jurassic Pork chooses option 2 (and therefore does not choose option 1). Record the appropriate journal entries at each of the following dates: (PV table, PVA table) View transaction list Journal entry worksheet 2 Prepare the journal entry for Jurassic Pork's purchase of the food truck on January 1, 2024 assuming it selects option 2, a single payment of $66,000 in 4 years. Recall that the truck is being purchased by signing a note payable with an interest rate of 7%. If no journal entry is required, select "No journal entry required" in the first account title box below. Note: Enter debits before credits. A Date B Account Title C D Debit Credit 1 01/01/2024 2 3 4 5 6 View general Journal Record entry Clear entry