Alpha Company prepares quarterly adjusting entries, On August 1, 2017, Alpha Company purchased equipment with a

sticker price of $8,515 and signed a note due in 9 months for $10,000 that included interest in the value of the note. Use this information to prepare the general journal entry for the August 1 equipment purchase. Any additional general journal adjusting entries for Fiscal years 2017, & 2018. Additionally, prepare the general journal entry to record the payment of the note when due in 2018.

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