Equestrain roads sold 50000 of goods and accepted the, Ask an Expert

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Equestrain Roads sold $50,000 of goods and accepted the customer's $50,000 10% 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the debit in this journal entry to record the sale?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9406878

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