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On July 1, 20X1, a customer of Porto Company signed a$100,000, one-year, 8 percent note which is a NOTERECEIVABLE for Porto Company. The principal and

On July 1, 20X1, a customer of Porto Company signed a$100,000, one-year, 8 percent note which is a NOTERECEIVABLE for Porto Company. The principal and interestwill be collected on June 30, 20X2. Ho 2 answers

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