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Plum Company accepted a zero-interest-bearing note for $750,000 in payment of equipment sold on 1/1/23. The note was due on 1/1/27. The fair value of

image text in transcribed Plum Company accepted a zero-interest-bearing note for $750,000 in payment of equipment sold on 1/1/23. The note was due on 1/1/27. The fair value of the equipment on 1/1/23 was $617,000. What journal entry will Plum make to record this transaction? What adjustment will Plum need to make to accrue interest revenue in the 2023 income statement

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