Prepare the necessary journal entry to record receipt of a four-year Zero-Interest-Bearing note receivable face value of

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Prepare the necessary journal entry to record receipt of a four-year Zero-Interest-Bearing note receivable face value of $10,000; implicit interest rate of 8%.

(Round factor values to 4 decimal places, e.g. 1.2345 and final answers to 0 decimal places, e.g. 54,321.)

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: Apr 05, 2022 12:06 AM

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Prepare the necessary journal entry to record receipt of a four-year Zero-Interest-Bearing note receivable face value of

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To record the receipt of zero interest b... View the full answer

Intermediate Accounting

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