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    Exam 3: Adjusting the Accounts
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    CHS Company Purchased a Truck from JLS Corp
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CHS Company Purchased a Truck from JLS Corp

Question 168

Question 168

Short Answer

CHS Company purchased a truck from JLS Corp. by issuing a 6-month, 8% note payable for $45,000 on November 1. On December 31, the accrued expense adjusting entry is CHS Company purchased a truck from JLS Corp. by issuing a 6-month, 8% note payable for $45,000 on November 1. On December 31, the accrued expense adjusting entry is

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