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10 points Save Antwe On December 30, 2020, AGH, Inc. finished consultation services and accepted in exchange a zero-inte
Posted: Fri Jul 01, 2022 8:46 am
by answerhappygod
- 10 Points Save Antwe On December 30 2020 Agh Inc Finished Consultation Services And Accepted In Exchange A Zero Inte 1 (7.33 KiB) Viewed 42 times
10 points Save Antwe On December 30, 2020, AGH, Inc. finished consultation services and accepted in exchange a zero-interest-bearing note requiring six payments of $90,000. The first payment was made on December 30, 2021, and the others are due annually on December 30. At date of issuance, the prevailing rate of interest for this type of note was 8%. Prepare the 12/31/20, 12/31/21 and 12/31/22 entries for AGH, Inc.