blossom Roads sold $225000 of goods and accepted the customer's $225000 12%, 1-year notes receivable in exchange.

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blossom Roads sold $225000 of goods and accepted the customer's $225000 12%, 1-year notes receivable in exchange. Assuming 12% approximates the market rate of return, what would be the debit in this journal entry to record the sale?

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Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

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Posted Date: Apr 19, 2023 04:51 AM

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blossom Roads sold $225000 of goods and accepted the customer's $225000 12%, 1-year notes receivable in exchange.

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To record the sale of goods and the acceptance of a 12 1year notes receivable the ... View the full answer

Fundamental Accounting Principles

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