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On July 1, 2020, Stealth Company sold a machine (classified as inventory) that had a list price of $57,600. The customer paid

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Answer #1

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

A Answer Part 1) 3 Present value of note = annual interest* Present value annuity factor (3,8%) + (Face value / (1+8%)^3 # =

1 Part 3) 2 Date 3 Jul. 1. 2020 Dr. 44289 9600 53889 mo 7 Jun. 30. 2021 1143 2400 3543 o Jun. 30. 2022 1235 Account Name Note

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