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On October 1, Bandor Company sold land (that cost $30,000) on credit for $35,000. The buyer issued an 8%, 12- month note for this amount,

On October 1, Bandor Company sold land (that cost $30,000) on credit for $35,000. The buyer issued an 8%, 12- month note for this amount, with the interest to be paid on the maturity date. Required: P...

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