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Question 10 Marigold Corp. sold $112000 of goods and accepted the customer's $112000 10%, 1-year note receivable in exchange. Assuming 8% approximates the market rate
Question 10 Marigold Corp. sold $112000 of goods and accepted the customer's $112000 10%, 1-year note receivable in exchange. Assuming 8% approximates the market rate of return, what would be the debit in this journal entry to record the sale? No journal entry until cash is collected. Debit Notes Receivable for $112000 Debit Accounts Receivable for $112000. Debit Notes Receivable for $100800
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