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On April 1, Ringo Company borrowed $30,000 from its bank by issuing a 9%, 12-month note, with the interest to be paid on the maturity

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On April 1, Ringo Company borrowed $30,000 from its bank by issuing a 9%, 12-month note, with the interest to be paid on the maturity date N Required: a Assuming Ringo Company makes reversing entries, prepare the reversing entry on January 1, and the journal entry to record the payment of the note on April 1. b. Assuming Ringo does not make reversing entries, prepare the journal entry to record the payment of the note on April 1. a-1. Assuming Ringo Company makes reversing entries, prepare the reversing entry on January 1. General Journal Instructions PAGE 1 GENERAL JOURNAL ACCOUNT TITLE POST. REF. Reversing Entries a-2. Assuming Ringo Company makes reversing entries, prepare the journal entry to record the payment of the note on April 1 General Journal Instructions General Journal 2-2 Assuming Ringo Company makes reversing entries, prepare the journal entry to record the payment of the note on April 1. General Journal Instructions GENERAL JOURNAL ACCOUNT TITLE b. Assuming Ringo does not make reversing entries, prepare the journal entry to record the payment of the note on April 1 General Journal b. Assuming Ringo does not make reversing entries, prepare the journal entry to record the payment of the note on April 1. General Journal Instructions PAGE 1 GENERAL JOURNAL POST. REF. DEBIT CREDIT

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