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13. On Sep 1, 2013, College Ave Co. sold products to a customer on credit, and agreed to accept a $800,000, 6-month, 12% note in

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13. On Sep 1, 2013, College Ave Co. sold products to a customer on credit, and agreed to accept a $800,000, 6-month, 12% note in payment for the merchandise. Interest is payable at maturity. What would be the journal entry by College Ave Co. when it receives the payment of principal and interest on Mar 1, 2014

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