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Giorgio Italian Market bought $6,000 worth of merchandise from Food Suppliers and signed a 90-day, 8% promissory note for the $6,000. Food Supplier's journal entry
Giorgio Italian Market bought $6,000 worth of merchandise from Food Suppliers and signed a 90-day, 8% promissory note for the $6,000. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.)
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