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Notes Receivable Rain On January 1 of 2020 Chopin Corp provided services and in exchange recorded a note receivable for $200,000. The receivable will be

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Notes Receivable Rain On January 1" of 2020 Chopin Corp provided services and in exchange recorded a note receivable for $200,000. The receivable will be paid on January 1% of 2024. Record the necessary journal entries in association with this transaction including the original receipt of the note assuming the company uses a 4% discount rate

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