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Record on marinos book the entry on june

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Question - On February 1, Marino Marine Equipment sold several pieces of inventory to Soberberg Sails for $7000, by Soberberg signing a five-month (12% annual interest rate) note, accrued monthly but all payable on June 30.

Record on Marino's book the entry on June 30 that recognizes Soderberg's payment satisfying the note receivable.

Reference no: EM131786999

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