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Required information The following information applies to the questions displayed below.] On November 1, 2017, Salem Corporation sold land priced at $340,000 in exchange for
Required information The following information applies to the questions displayed below.] On November 1, 2017, Salem Corporation sold land priced at $340,000 in exchange for a 3%, six-month note 14 receivable Part 1 of 3 The journal entry made by Salem to record this transaction on November 1, 2017, includes 3.33 points Multiple Choice Print A credit to Interest Revenue of $5,100. A debit to Interest Receivable of $5,100. A debit to Notes Receivable of $345,100 A debit to Notes Receivable of $340,000
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