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Question 8 Hughes Aircraft sold a four - passenger airplane for $ 9 8 0 , 0 0 0 , receiving a a 1 2

Question

8

Hughes Aircraft sold a four

-

passenger airplane for $

980, 000,

receiving a a

12 %

note receivable. The journal entry to record this sale would include a:

Credit to cash.

Credit to interest revenue.

Debit to notereceivable.

Credit to notes receivable.

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