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What is the adjusting entry needed on decemeber

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Problem 1: On January, 20X1, Weislin company borrowed $24,000 to purchase equipment. The loan to be repaid plus interest of 10% per year on Decemeber 31, 20X2. What is the adjusting entry needed on Decemeber 31, 20X2?

Reference no: EM132898824

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