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Business, 03.04.2020 04:21 stephanieb75

On December 31, 2020, Wildhorse Inc. rendered services to Beghun Corporation at an agreed price of $106,131, accepting $41,600 down and agreeing to accept the balance in four equal installments of $20,800 receivable each December 31. An assumed interest rate of 11% is imputed. Required:Provide the journal entries for the first 2 years of the installments.

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On December 31, 2020, Wildhorse Inc. rendered services to Beghun Corporation at an agreed price of $...
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