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Sandhill & Co. sold goods with a market price of $183000 on April 1. They accepted a note from Teal Mountain Inc. for $183000 due

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Sandhill \& Co. sold goods with a market price of $183000 on April 1. They accepted a note from Teal Mountain Inc. for $183000 due in two years, with interest paid each year on April 1, bearing 8% interest. If 8% interest approximates the market rate of interest for this transaction, what journal entry should be recorded to record the sle (ignore Cost of Goods sold) when the sale takes place? Debit Notes Receivable $212280, credit Sales Revenue $212280. Debit Notes Receivable $183000, credit Sales Revenue $183000 Debit Interest Receivable $10980, credit Interest Revenue $10980. Debit Interest Receivable $14640, credit Interest Revenue $14640. eTextbook and Media

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