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On January 1, 2020, Blue Co. sells property for which it had paid $ 708,400 to Sargent Company, receiving in return Sargent's zero- interest-bearing note

On January 1, 2020, Blue Co. sells property for which it had paid $ 708,400 to Sargent Company, receiving in return Sargent's zero- interest-bearing note for $ 1,000,000 payable in 5 years. What entry...

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