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On July 1, 2018, XYZ Company invested $10,000 in a one-year certificate of deposit that pays 6% Interest per year. XYZ Company will not receive

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On July 1, 2018, XYZ Company invested $10,000 in a one-year certificate of deposit that pays 6% Interest per year. XYZ Company will not receive the interest until the certificate of deposit matures on July 1, 2019. Assume that XYZ Company made the appropriate Journal entry on July 1, 2018, and no adjusting entries have been made during the year. Which of the following is the appropriate adjusting journal entry to be recorded on December 31, 2018

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