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What will be the general journal entry to record transaction

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Question - On January 1, 2021, Amanda Company sold goods to Amelia Company for $555,000.00 in exchange for a three-year, zero-interest- bearing note. The imputed interest rate for this transaction is determined to be 7.75%. What will be the general journal entry to record the January 1, 2021 transaction?

Reference no: EM133165926

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