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Question 12 View Policies Current Attempt in Progress Coronado Industries sold $116000 of goods and accepted the customer's $116000 12%, 1-year note receivable in exchange.
Question 12 View Policies Current Attempt in Progress Coronado Industries sold $116000 of goods and accepted the customer's $116000 12%, 1-year note receivable in exchange. Assuming 11% 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 Accounts Receivable for $116000 Debit Notes Receivable for $116000 Debit Notes Receivable for $102080. Attempts: 0 of 1 used
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