Problem 25-2 (ACP) i purchased e44 erms: jpment on Janus, Credulous Company P t ry 2019 under the following a. P200,000 downpayment 0,000, the first ing; b. Five annual payments ashy ° ; tang, note to be paid on Decem! The same equipment was available at a cash pricg , P580,000. Required: Prepare journal entries for 2019 and 2020. Problem 25-3 (ACP) On January 1, 2019, Enrich Company purchased a maching under the following terms: a. P100,000 downpayment b. Four annual payments of P200,000, the first installment note to be paid on December 31, 2019. The fair value of the machine is not clearly determinable on the date of acquisition. The prevailing rate of interest for this type of obligation is 10%. The present value factors at 10% for four periods are: Present value of 1 683 Present value of ordinary annuity of 1 3.110 Required: Prepare journal entries for 2019 and 2020. 650