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Waterway Construction Co . receives a note receivable from Bramble Plastics Inc. as settlement of an overdue account receivable. The note is for three months
Waterway Construction Co receives a note receivable from Bramble Plastics Inc. as settlement of an overdue account receivable. The note is for three months and bears an annual interest rate of The original accounts receivable balance was $ At the end of the threemonth period, Waterway Construction Co will pay Bramble Plastics Inc.
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