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Serena's Salon accepted a $500 note from a customer in exchange for services. The customer will pay back the note in one year with 8%
Serena's Salon accepted a $500 note from a customer in exchange for services. The customer will pay back the note in one year with 8% interest. What is the journal entry for the initial transaction?
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The journal entry for the initial transaction of accepting a 500 note from ...
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
