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On December 1, 2015, your company buys $6,000 worth of furniture. You take out financing...

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Accounting

On December 1, 2015, your company buys $6,000 worth of furniture. You take out financing that gives you 6 months to pay, but you will pay $6,600 at that time.

The adjusting journal entry on December 31, 2015 is:

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