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n June 1, Year 1, Jensen Company acquired an 8% ten-month note receivable from a customer in settlement of an existing account receivable of

n June 1, Year 1, Jensen Company acquired an 8% ten-month note receivable from a customer in settlement of an existing account receivable of $130,000. Interest and principal are due at maturity ensen's entry to record the collection of this note at maturity includes a

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