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What will be the general journal adjusting entry on may

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Question - A truck is purchased for $25,000.00 on February 2, 2021. The payments will be made each month starting on March 2, 2021. The annual interest rate on the loan is 1.99% and it is a 3 year loan. What will be the general journal adjusting entry on May 31, 2021 to record the current portion of the loan?

Reference no: EM133128308

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