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Instructions On October 1, Bandor Company sold land (that cost $28,333) on credit for $33,333. The buyer issued an 6%, 12-month note for this
Instructions On October 1, Bandor Company sold land (that cost $28,333) on credit for $33,333. The buyer issued an 6%, 12-month note for this amount, with the interest to be paid on the maturity date. Required: Prepare journal entries to record the sale of the land and the related year-end adjusting entry
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