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On bahuary 1. 2020 , Eloe Co bocrowed and received 54 Thoootrem a mulor cuitomer coldenced by a zero-intereat-bearing cote due in 5 vears. As
On bahuary 1. 2020 , Eloe Co bocrowed and received 54 Thoootrem a mulor cuitomer coldenced by a zero-intereat-bearing cote due in 5 vears. As consideration for the atro-interest-bearing featire, Bise agrees to icpply the cusifgerer simentory needs for the ioan period at lowor than the mariat price. The aporogriate rate at which to inpote interest is 9y (a) Prepare the journal entry Io record the inifial trinaktionon lanury 1. 2020. (b) Prepure the journul entry to record any adjuting entrites nocsed at Docenber 31,2020 . Assurme that the sales of Elucis peoduct to this cuttoner occur evenly over the 5 year period. enternt Oonct indent manulyd
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