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9. Rabblerouser Inc. loaned $386,090 to Doubletrouble & Co. and accepted a 3 year, $500,000 non-interest bearing note. The implicit interest rate for this
9. Rabblerouser Inc. loaned $386,090 to Doubletrouble & Co. and accepted a 3 year, $500,000 non-interest bearing note. The implicit interest rate for this type of transaction is 10%. The PVSS for 10% and 3 periods is .77218. The journal entry on Rabblerouser's books would include a debit of: SEOS a. Cash, $500,000. b. Notes Receivable, $500,000 C. Discount on Notes Receivable, $113,910. d. Notes Receivable, $386,090. MO 000.282 000,2012 d 000,812 5 000,092 b Luca
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