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1- A company purchased a truck on June 1st for 24.000 TL, paying 8.000 TL cash and signing a 12%, 2-month note for the remaining
1- A company purchased a truck on June 1st for 24.000 TL, paying 8.000 TL cash and signing a 12%, 2-month note for the remaining balance. The useful life of the truck is 4 years and the company uses the straight-line method for depreciation. The company prepares monthly financial statements. Prepare the adjusting entries that should be made on June 30th. Yantnz 2- Refer to Question 1. What would the adjusting entries look like had the company prepared yearly financial statements
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