Question
Prepare the necessary journal entry to record receipt of a four-year Zero-Interest-Bearing note receivable face value of $10,000; implicit interest rate of 8%. (Round factor
Prepare the necessary journal entry to record receipt of a four-year Zero-Interest-Bearing note receivable face value of $10,000; implicit interest rate of 8%.
(Round factor values to 4 decimal places, e.g. 1.2345 and final answers to 0 decimal places, e.g. 54,321.)
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
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