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On April 7, Wilhelm, Inc sold goods for $50,000 and accepted a 10%, 60-day note. On April 22, the company sold the note to a
On April 7, Wilhelm, Inc sold goods for $50,000 and accepted a 10%, 60-day note. On April 22, the company sold the note to a bank at a 13% discount rate. Record the entries.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren
3rd Edition
0131800345, 978-0131800342
