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Make the journal entry for this month

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Question - The owner purchased some furniture from - Ashley home furnishings on credit on 5th of this month. The furniture cost $18,250 plus tax. The owner used his debit card to pay $500.00 in cash for the furniture and the rest of the amount will be paid in next 24 months. Set up the appropriate accounts to track the new furniture. Make the journal entry for this month.

Reference no: EM133106496

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