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Please show all calculations. The following selected transactions were taken from the books of Ripley Company for Year 1: 1. On February 1, Year 1,

Please show all calculations. The following selected transactions were taken from the books of Ripley Company for Year 1: 1. On February 1, Year 1, borrowed \( \$ 55,000 \) cash from the local bank. The note had a 7 percent intere 2 answers

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