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The Jade Company has an account receivable of $200,000. On 4/1/18 Jade converts the account to a 180 day note receivable with 8% interest. On

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The Jade Company has an account receivable of $200,000. On 4/1/18 Jade converts the account to a 180 day note receivable with 8% interest. On 7/1/18 Jade sells the note to the Bank. The bank's rate of interest is 12% How much cash will Jade receive on 7/1? Please make the journal entry required on 4/1 and on 7/1

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