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Question 2 On January 1, 2020, Tamarisk. Co sells property for which it had paid $694,100 to Sargent Company, receiving in return Sargent's zero-interest-bearing note
Question 2 On January 1, 2020, Tamarisk. Co sells property for which it had paid $694,100 to Sargent Company, receiving in return Sargent's zero-interest-bearing note for $900,000 payable in 5 years. What entry would Tamarisk make to record the sale, assuming that Tamarisk frequently sells similar items of property for a cash sales price of $637,000? (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Click if you would like to Show Work for this question: Open Show Work
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