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(LO 4) On July 1, 2017, Agincourt Inc. made two sales. 1.Itsoldlandhavingafairvalueof$700,000inexchangefora4-yearzero-interest-bearingpromissorynoteinthefaceamountof$1,101,460.ThelandiscarriedonAgincourt'sbooksatacostof$590,000. Could you tell me the journal entries for July 30, 2018 (second interest
(LO 4) On July 1, 2017, Agincourt Inc. made two sales.
- 1.Itsoldlandhavingafairvalueof$700,000inexchangefora4-yearzero-interest-bearingpromissorynoteinthefaceamountof$1,101,460.ThelandiscarriedonAgincourt'sbooksatacostof$590,000.
Could you tell me the journal entries for July 30, 2018 (second interest revenue)?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
0471413658, 978-0471413653
