Rager Products sold merchandise to Baron Company in exchange for a one-year note receivable. The note was

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Rager Products sold merchandise to Baron Company in exchange for a one-year note receivable. The note was made out in the face amount of $13,189, including a 9% interest charge. Compute the amount of sales revenue to be recognized by Rager Products. (Hint: $13,189 equals 109% of sales amount.) LO9

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Accounting The Basis For Business Decisions

ISBN: 9780070415515

5th Edition

Authors: Robert F. Meigs, Walter B Meigs

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