Business, 28.04.2021 23:10 ayoismeisalex
Chen Inc. accepted a two-year noninterest-bearing note for $700,000 on January 1, 2021. The note was accepted as payment for merchandise with a fair value of $600,000. The effective interest rate is 10%. The entry to record interest on December 31, 2021 would be: Group of answer choices
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Chen Inc. accepted a two-year noninterest-bearing note for $700,000 on January 1, 2021. The note was...
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