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simmons1001
Aug 11, 2008, 06:46 AM
$10,000 cash advance to partnership on 1/2/2005 and adjusting entry for the note payable on 1/31/2005

1/2/2005 Cash 10,000
Notes Payable 10,000


1/31/2005 Notes Payable 10,000
Interest expense 100
Cash 10,100
delite
Aug 11, 2008, 08:57 PM
based on limited explantion, entires appear correct.