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On January 1, 2021, Glanville Company sold goods to Otter Corporation. Otter signed an installment note requiring payment of $15,500 annually for six mears. The

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On January 1, 2021, Glanville Company sold goods to Otter Corporation. Otter signed an installment note requiring payment of $15,500 annually for six mears. The first payment was made on January 1, 2021. The prevailing rate of interest for this type of note at date of issuance was 9%. Glanville should record sales revenue in January 2021 of: (EV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Multiple Choice o o o $75,790 o None of these answer choices are correct

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