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What the journal entry would be for this question

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Question - What the journal entry would be for this question.

Truck with a listing price of $48,800. It was acquired for a down payment of $6,100 cash and a zero-interest-bearing note with a value of $42,700. The note is due 1 year later. The normal interest rate is 9% for borrowing but the dealer ship has an incremental borrowing rate of 8%.

Reference no: EM132429216

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