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Genen Earl journal entry to record the payment of the note?
Alpha Company prepares quarterly adjusting entries. On November I, 2017, Alpha Company purchased equipment with asticker price of $3,515 and signed a note due in 9 months for $10,000 that included interest in the value of the note. Use thisinformation to prepare the general journal entry for the November 1 equipment purchase. Prepare any additional generaljournal adjusting entries for Fiscal Years 2017 & 2018. Additionally, prepare the general journal entry to record thepayment of the note when due in 2018. :L’IEQVFomaIVBIQV-EEEE’ “- Debit Credit Date Accounts
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