Abc company accepts a 200000 three month note payable at 12, Financial Management

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Abc company accepts a 200000 three month note payable at 12

ABC Company accepts a $2,000.00, three month note payable at 12% in settlement of XYZ Company's account receivable. XYZ Company originally owed $1,800.00 for merchandise and $347.00 in finance charges. How will the journal entry for this transaction be made?

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Financial Management: Abc company accepts a 200000 three month note payable at 12

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Financial Management: Abc company accepts a 200000 three month note payable at 12

Reference No:- TGS01416299

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