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Marigold owes $2.3 million that is due on February 28. The company borrows $1750000 on February 25 (5-year note) and uses the proceeds to pay
Marigold owes $2.3 million that is due on February 28. The company borrows $1750000 on February 25 (5-year note) and uses the proceeds to pay down the $2.3 million note and uses other cash to pay the balance. How much of the $2.3 million note is classified as long-term in the December 31 financial statements? O $0. O $1750000. $2300000, O $550000. Bramble Surplus made cash sales during the month of October of $379000. The sales are subject to a 6% sales tax that was also collected. Which of the following would be included in the summary journal entry to reflect the sale transactions? O Debit Accounts Receivable for $379000. O Credit Sales Revenue for $351483. O Credit Sales Taxes Payable for $21452 O Credit Sales Taxes Payable for $22740
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