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On October 1, 2017, Wildhorse sold one of its super deluxe combination gas/charcoal grills to a local builder. The builder plans to install it in

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On October 1, 2017, Wildhorse sold one of its super deluxe combination gas/charcoal grills to a local builder. The builder plans to install it in one of its "Parade of Homes" houses. Wildhorse accepted a 3-year, zero-interest-bearing note with face amount of $5,164. The grill has an inventory cost c $2,532. An interest rate of 10% is an appropriate market rate of interest for this customer. Prepare the journal entries on October 1, 2017, and December 31, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entr is required, select "No entry" for the account titles and enter 0 for the amounts. Round present value factor calculations to 5 decima places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Account Titles and Explanation Credit Date Debit (To record sales) (To record cost of goods sold) Click if vou would like to Show Work for this question: Open Show Work

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