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Can anyone tell me if my journal entries are correct?
$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 |
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