Business, 27.05.2020 18:00 miyah1199

On January 2, SHB Company receives a 3-year, $10,000, noninterest bearing note, the present value of which is $7,722. The rate implicit on this transaction is 9%. You are completing SHB's note receivable account. To prepare each required journal entry: Enter the corresponding debit or credit amount in the associated column. Round all amounts to the nearest whole number.

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On January 2, SHB Company receives a 3-year, $10,000, noninterest bearing note, the present value of...