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Ch. 5 Part Four: Notes Receivable On October 1, 2012, Vandalay Industries sells merchandise on account for $20,000. Vandalay accepts a six-month, 8% promissory note

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Ch. 5 Part Four: Notes Receivable On October 1, 2012, Vandalay Industries sells merchandise on account for $20,000. Vandalay accepts a six-month, 8% promissory note from the customer. Prepare the Journal Entry for Issuance: Prepare the Journal Entry for Accruing Interest: Prepare the Journal Entry for Collection of

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