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Your company is a furnace repair company. On December 20, 2015, your company repairs a furnace. A bill for $1,500 for the repair will be

Your company is a furnace repair company. On December 20, 2015, your company repairs a furnace. A bill for $1,500 for the repair will be sent in January. Since your company has not sent the bill yet, no entry has been made for this service call..

The adjusting journal entry on December 31, 2015 is:

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