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Johan Construction Enterprise received RM 1 0 0 , 0 0 0 note on 1 . 0 6 . 2 0 2 1 in exchange

Johan Construction Enterprise received RM

100, 000

note on

1.06.2021

in exchange of sales made to Ceramic Hoe Sdn

.

Bhd

.

The note carries

8 %

interest rate with

8

months of maturity.

Required:

(

)

Prepare the journal entry for Johan Construction Enterprise upon receiving the Note.

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