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Tully's Shoe Company sold shoes to Bruno Sporting Goods on April 1, 2021, accepting a $650,000, 4- month, noninterest-bearing note with a 11% discount rate
Tully's Shoe Company sold shoes to Bruno Sporting Goods on April 1, 2021, accepting a $650,000, 4- month, noninterest-bearing note with a 11% discount rate in payment for the shoes. Calculate the amount credited to discount on note receivable on April1. (Please enter answer rounded to the dollar, i.e. 1,666.666 should be entered as as 1666)
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