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solve in excel 8. Tokyo Imports sold merchandise to Tall-Mart, receiving a six-month, noninterest-bearing note for $200,000. The implied discount rate on the note is

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8. Tokyo Imports sold merchandise to Tall-Mart, receiving a six-month, noninterest-bearing note for $200,000. The implied discount rate on the note is 10% per annum. Tokyo uses a periodic inventory system. Required: a. Prepare the journal entry to record the sale. b. Compute the effective rate of interest

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