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Company A purchased a new car on 2 4 May 2 0 2 3 for $ 6 3 , 5 9 4 . 5 5

Company A purchased a new car on 24 May 2023 for $63,594.55(ex GST) during FY2023. The car is financed for $32,894 with interest charges of $9,494.80. The total payable amount is $42,388.80. This includes monthly instalment of $589.89 with 59 number of payments. Followed by 1 final payment of $7,585.29. What is the correct journal entry for this?

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