ohnstone Company is facing several decisions regarding investing
and financing activities. Address each decision independently. (FV
of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
(Use appropriate factor(s) from the tables
provided.)
1. On June 30, 2018, the Johnstone Company
purchased equipment from Genovese Corp. Johnstone agreed to pay
Genovese $12,000 on the purchase date and the balance in six annual
installments of $10,000 on each June 30 beginning June 30,...