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Home > Business & Careers > Accounting   »   adjusting entry

 
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Old Sep 20, 2007, 12:09 PM
aeg7468
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adjusting entry

purchased dental equipment on january 1 for $80,000, paying $20,000 in cash and signing a $60,000, 3-year note payable (Interest is paid each December 31). the equipment depreciates $400 per month. Interest is $500 per month.

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