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ABC company sold good to XYZ trader on may 1,2019. ABC company agreed to accept a ksh 1,400,000 for 6 months 12% note in payment

ABC company sold good to XYZ trader on may 1,2019. ABC company agreed to accept a ksh 1,400,000 for 6 months 12% note in payment for the goods interest is payable for the goods interest is payable at maturity.

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Prepare journal entries to record the above transactions

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