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Question 100 of 100 -/1 View Policies Current Attempt in Progress Swifty Corporation sold $124000 of goods and accepted the customer's $124000 8%, 1-year note
Question 100 of 100 -/1 View Policies Current Attempt in Progress Swifty Corporation sold $124000 of goods and accepted the customer's $124000 8%, 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? O Debit Notes Receivable for $114080, O Debit Accounts Receivable for $124000. Debit Notes Receivable for $124000. No journal entry until cash is collected
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