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Prepare the general journal adjusting entry needed

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Question - On January 1, 20x1, bravo company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20x2. Prepare the general journal adjusting entry needed for December 31, 20x1. If no entry is required then write no entry required.

Reference no: EM132587308

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