Question
On April 1, 2013, Ringo Company borrowed $20,000 from its bank by using a 9%, 12 month note, with the interest to be paid on
On April 1, 2013, Ringo Company borrowed $20,000 from its bank by using a 9%, 12 month note, with the interest to be paid on the maturity date.
I need to find the interest paid on the maturity date, prepare a journal for it, and then make a reversing entry.
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Organizational Behavior Integrating Individuals Groups And Organizations
Authors: Joseph E. Champoux
4th Edition
0415804647, 9780415804646
