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On December 20, 2015, your company has their furnace repaired at a cost $1,500. The bill will be received in January. Since your company has

On December 20, 2015, your company has their furnace repaired at a cost $1,500. The bill will be received in January. Since your company has not received the bill, yet, no entry has been made for this repair..

The adjusting journal entry on December 31, 2015 is:

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