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Bale Inc. sold merchandise to a customer on June 30, 2021. The customer paid $25,000 on the sale date and paid the remainder with a

Bale Inc. sold merchandise to a customer on June 30, 2021. The customer paid $25,000 on the sale date and paid the remainder with a noninterest-bearing note and was required to pay $49,000 on June 30, 2024. Determine the amount that Axe should record as sales revenue on June 30, 2021 using a 5% interest rate

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