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3. Ramsey Company issues an $800,000, 45-day note to Buckner Company for merchandise inventory. Buckner discounts the note at 7%. a. Journalize Ramsey's entries to

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3. Ramsey Company issues an $800,000, 45-day note to Buckner Company for merchandise inventory. Buckner discounts the note at 7%. a. Journalize Ramsey's entries to record: 1. The issuance of the note. 2. The payment of the note at maturity. b. Journalize Buckner's entries to record: 1. The receipt of the note. 2. The receipt of the payment of the note at maturity

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