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On December 1, 2024, Liang Chemical provides services to a customer for $79,000. In payment for the services, the customer signs a three-year, 12% note.

On December 1, 2024, Liang Chemical provides services to a customer for $79,000. In payment for the services, the customer signs a three-year, 12% note. The face amount is due at the end of the third year, while annual interest is due each December 1

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