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Prepare dolds journal entries for the initial transaction

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Dold acrobats lent 16529 to Donaldson inc, accepting donaldsons 2 year 20,000 zero interest bearing note. the implied rate is 10% prepare dolds journal entries for the initial transaction recognition of interest each lyear and the collection of 20,000 at maturity - please explain

Reference no: EM131754834

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