Question: urrent Attempt in Progress Stellar plc purchased a truck by issuing an 92,800,4-year, zero-interest-bearing note to Equinox inc. The market rate of interest for obligations
urrent Attempt in Progress Stellar plc purchased a truck by issuing an 92,800,4-year, zero-interest-bearing note to Equinox inc. The market rate of interest for obligations of this nature is 6%. Prepare the journal entry to record the purchase of this truck. (Round present value foctor calculotions to 5 decimal places, eg. 1.25124 and final answers to 0 decimal places, eg. 5,275. Credit account tities are automaticolly indented when amount Is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts.)
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