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Sheridan Company sold $114000 of goods and accepted the customer's $114000 11%, 1-year note receivable in exchange. Assuming 11% approximates the market rate of return,
Sheridan Company sold $114000 of goods and accepted the customer's $114000 11%, 1-year note receivable in exchange. Assuming 11% approximates the market rate of return, what would be the debit in this journal entry to record the sale?
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