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Compute total sales revenue jim beam company would record

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Question - On January 1, 2020, Jim Beam Company sold goods to a customer and received an installment note requiring payments of $15,000 annually for six years. The first payment was received by Jim Beam Company on January 1, 2020. The prevailing rate of interest for this type of note is 8%. Compute the total sales revenue Jim Beam Company would record for this sale on January 1, 2020?

Reference no: EM132174127

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