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Question 11 Answer saved Marked out of 11.0 Remove flag On August 8, A& R Enterprises sold merchandise inventory to UB and received a

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Question 11 Answer saved Marked out of 11.0 Remove flag On August 8, A& R Enterprises sold merchandise inventory to UB and received a $22,000, 120-day, 15% note. The cost of the merchandise sold is $15,000. Journalize A&R's entries to record the receipt of the note and the receipt of payment on the note. State your dates and narratives in the journal.

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