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on april 1 ringo company borrowed $20,000 from its bank by issuing a 9% , 12 month note, with the interest to be paid on

on april 1 ringo company borrowed $20,000 from its bank by issuing a 9% , 12 month note, with the interest to be paid on the maturity date assuming ringo company makes reversing entries, prepare the reversing entry january 1, and the journal entry to record the payment of note on april 1

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