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3. On April 1, Maria Company borrows $49,200 from Splish Brothers Bank by signing a 5-month, 5%, interest-bearing note. (a) Prepare the entry for Maria
3. On April 1, Maria Company borrows $49,200 from Splish Brothers Bank by signing a 5-month, 5%, interest-bearing note. (a) Prepare the entry for Maria on April 1 when the note was issued. (b) Prepare any adjusting entries necessary on June 30 for Maria in order to prepare the semiannual financial statements. (c) Prepare the entry to record payment of the note by Maria at maturity. No 3(a). 3(b). 3(c). Date April 1 = June 30 + Sept. 1 + Account Titles and Explanation Debit Credit
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