Business, 12.07.2019 22:40 brittinyvenegas

Chen inc. accepted a two-year non interest-bearing note for $605,000 on january 1, 2016. the note was accepted as payment for merchandise with a fair value of $500,000. the effective interest rate is 10%. what is the correct entry to record the note

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Chen inc. accepted a two-year non interest-bearing note for $605,000 on january 1, 2016. the note wa...

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