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A corporation purchased a truck by issuing an $104000, 4-year zero-interest-bearing note to equinox inc. The market rate of interest for obligations of this nature

A corporation purchased a truck by issuing an $104000, 4-year zero-interest-bearing note to equinox inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of truck. Accounts to be used: Truck, discount on notes payable, notes payable

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