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6 Depreciation on fumiture and equipment for 2012 is $13,000. Page 8 12/31/2012 7. The inventory of supplies at the end of December was $930.

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6 Depreciation on fumiture and equipment for 2012 is $13,000. Page 8 12/31/2012 7. The inventory of supplies at the end of December was $930. 12/31/2012 8. The company accepted a $25,000 note receivable from a customer on December 1, 2012 The note is due on April 1, 2013. It accrues interest of $250 per month. Prepare the adjusting entry for interest 12/31/2012 9. The company borrowed $7,200 from the bank on December 1, 2012. The note is due on March 1, 2013, along with interest of $192 (564 per month). Prepare the adjusting entry for interest. 12/31/2012

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