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On December 31, 2020, Vaughn Inc. rendered services to Beghun Corporation at an agreed price of $115,826, accepting $45,400 down and agreeing to accept
On December 31, 2020, Vaughn Inc. rendered services to Beghun Corporation at an agreed price of $115,826, accepting $45,400 down and agreeing to accept the balance in four equal installments of $22,700 receivable each December 31. An assumed interest rate of 11% is imputed.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th edition
978-0133851151, 013385115X, 978-0133866889
