PROBLEM 3: On January 1, 2017, West Co. provided services in exchange for an $800,000...

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Accounting

PROBLEM 3: On January 1, 2017, West Co. provided services in exchange for an $800,000 zero-interest-bearing note due on January 1, 2020. The prevailing rate of interest for a note of this type at January 1, 2017 was 10%. prepare all necessary journal entries for the year 2017.

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