Aaron Anatole accepted a $ 250,000, four- year, non- interest- bearing note receivable upon a sale. The

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Aaron Anatole accepted a $ 250,000, four- year, non- interest- bearing note receivable upon a sale. The current market rate of interest is 8%. The note is not publicly traded. Prepare the journal entry to record the sale. Ignore cost of goods sold.
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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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