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PARTB (7 MARKS) Tammy Inc held a one year, 53,000,8 percent interest bearing not receivable. After holding it for 2 months, the company discounted (sold)

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PARTB (7 MARKS) Tammy Inc held a one year, 53,000,8 percent interest bearing not receivable. After holding it for 2 months, the company discounted (sold) it to the bank at 10 percent REQUIRED Show the entry to record the sale of the note. Assume interest revenue is not recorded before the note is discounted. 7 MARKS)

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