kyragirl5010 kyragirl5010
  • 20-12-2022
  • Business
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chen incorporated accepted a two-year noninterest-bearing note for $605,000 on january 1, 2024. the note was accepted as payment for merchandise with a fair value of $500,000. the effective interest rate is 10%. the entry to record interest on december 31, 2024 would be:

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