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Garcia Corporation purchased a truck by issuing an $80000 4year zero interest-bearing notes to Equinox Inc The market rate of interest for obligations of this nature is 10%. Prepare the journal

Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero interest-bearing notes to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck.

Mar 30 2020 Read more Less More

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