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QUESTION
Plunder Inc. accepted a six-month noninterest-bearing note for $2,800 on January 1, 2011. The note was accepted as payment of a delinquent receivable...
Plunder Inc. accepted a six-month noninterest-bearing note for $2,800 on January 1, 2011. The note was accepted as payment of a delinquent receivable of $2,500.What is the correct entry to record the note?
