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Sold appliances to Boden Contracting for $120,000 (cost, $41,000), receiving a 6-month,14%note. Prepare the entry to journalize the sale portion of the transaction. Then, record

Sold appliances to Boden Contracting for $120,000 (cost, $41,000), receiving a 6-month,14%note.

Prepare the entry to journalize the sale portion of the transaction. Then, record the expense related to the sale.

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