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On January 1, 2013, Vendor A sells 10 computers to Buyer B for $5,000 each. B agrees and signs a promissory note to pay A $50,000 plus 5% interest 6 months after the sales. What is the difference in this transaction and the deferred transaction we discussed last week? If I change the problem where interest accrues each month how does this change the transactions?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940218

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