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a b This company is completing adjustments prior to closing for the month The company took out a loan for $60,000 at 5.0% per year.

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a b This company is completing adjustments prior to closing for the month The company took out a loan for $60,000 at 5.0% per year. No adjustments have been made for interest for the month Employees at the company worked 2 days at the end of the month and will not be paid until next month. Total employee wages per day are $1,000 A customer paid an annual membership of $6,000 six months ago. No adjustments since last month. The company bought equipment for $20,000 with a useful life of 4 years. No adjustments have been made for the month. The company had beginning supplies inventory of $6,000 and during the month the company purchased $500 in suvelles The ending supplies inventory was $3,000. Adjusting Joumal Entries Sample answer table C d DEBIT CREDIT Transaction-add as needed Account Name a a

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