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5.1 On 15 April 2014 Irona Pty Ltd purchased a $200,000 piece of equipment by accepting a 6-month discounted bill. The bill has a face

5.1 On 15 April 2014 Irona Pty Ltd purchased a $200,000 piece of equipment by accepting a

6-month discounted bill. The bill has a face value of $209,000 and is due for settlement on

15 October 2014.

Prepare the general journal entry to settle the bill on 15 October 2014. Narration is

not required.

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