At January 1, 2021, Brant Cargo acquired equipment by Issuing a four-year, ( $ 200,000 ) (payable at maturity), ( 5 % ) note. The market rate of Interest for notes of similar risk is ( 12 % ). (FV of ( $ 1 ). PV of ( $ 1 ). FVA of ( $ 1 ). PVA of ( $ 1 ). FVAD of ( $ 1 ) and PVAD of $1) (Use approprlate factor(s) from the

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At January 1, 2021, Brant Cargo acquired equipment by Issuing a four-year,  (  $ 200,000  ) (payable at maturity),  ( 5  %  ) note. The market rate of Interest for notes of similar risk is  ( 12  %  ). (FV of  (  $ 1  ). PV of  (  $ 1  ). FVA of  (  $ 1  ). PVA of  (  $ 1  ). FVAD of  (  $ 1  ) and PVAD of  $1) (Use approprlate factor(s) from the tables provided.) Required: 1. to 3. Prepare the necessary journal entrles for Brant Cargo. (If no entry Is required for a transaction/event, select &#34;No journal entry required&#34; In the flirst account fleld. Round your flnal answers to the nearest whole dollar) Journal entry worksheet 3 Note: tnter debits betore credits.

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