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On July 1, 2023 the Meredith company signed a $40,000 noninterest-bearing note to purchase equipment. The $40,000 payment is due on September 1, 2025. Assume
On July 1, 2023 the Meredith company signed a $40,000 noninterest-bearing note to purchase equipment. The $40,000 payment is due on September 1, 2025. Assume that 8% is a reasonable interest rate. Prepare journal entry and record it on balance sheet for year end 2023
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
9780321884077
