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On January 1, 20x1,Bravo Company borrowed $26,000 to purchase equipment. the loan is to be repaid plus interest of 10% per year, on December 31,20x2.

On January 1, 20x1,Bravo Company borrowed $26,000 to purchase equipment. the loan is to be repaid plus interest of 10% per year, on December 31,20x2. Prepared the general journal adjusting entry (without Explanation) needed for December 31,20x1. If no entry is required the write "No entry Required"

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