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April Journal Entry DATE ACCOUNT TITLE CREDIT LE Apr 15 Interest Expense Interest Payable DEBIT 1,375.00 1,375.00 On April 1, Ringo Company borrowed $50,000 from
April Journal Entry 
DATE ACCOUNT TITLE CREDIT LE Apr 15 Interest Expense Interest Payable DEBIT 1,375.00 1,375.00 On April 1, Ringo Company borrowed $50,000 from its bank by issuing a 11%, 12-month note, with the interest to be paid on the maturity date. Required: Prepare journal entries to record the issuance of the note and the related year-end adjusting entry on December 31 Step by Step Solution
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A Communication Audit Handbook Helping Organizations Communicate
Authors: Seymour Hamilton
1st Edition
0801300614, 978-0801300615
