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Journal entry for: A customer who owed $40,000 on an account receivable, agreed to sign a 60-day note receivable with an interest rate of 15.0%.

Journal entry for: A customer who owed $40,000 on an account receivable, agreed to sign a 60-day note receivable with an interest rate of 15.0%. The interest earned on the note will be paid at the maturity date of the note receivable

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