Business, 07.04.2020 16:27 abbz13

Lewis Diagnostics sold merchandise to a customer in exchange for a $40,000, four-year, noninterest-bearing note when an equivalent loan would carry 8% interest. Lewis would record sales revenue on the date of sale equal to:

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Lewis Diagnostics sold merchandise to a customer in exchange for a $40,000, four-year, noninterest-b...

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