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On January 1, 2021, Glanville Company sold goods to Otter Corporation Otter signed an installment note requiring payment of $23,000 annually for four years. The
On January 1, 2021, Glanville Company sold goods to Otter Corporation Otter signed an installment note requiring payment of $23,000 annually for four years. The first payment was made on January 1, 2021. The prevailing rate of Interest for this type of nole at date of Issuance was 8%. Glanville should record sales revenue in January 2021 of (FV of $1. PV of S. EVA of S1, PVA of S1, FVAD of $1 and PVAD OLSI (Use appropriate factor(s) from the tables provided.) Multiple Choice 576179 $92000 None of these answer choices are correct
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