4 of 15 On June 1, Monty Company borrows $84,000 from the bank by signing a 60-day, 6%, interest-bearing note. Prepare the necessary entries below associated with the note payable on the books of Monty Company. (a) Your answer has been saved. See score details after the due date. .../10 E Prepare the entry on June 1 when the note was issued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation June 1 Cash Notes Payable Debit 84000 Credit 84000 Attempts: 1 of 1 used (b) Prepare any adjusting entries necessary on June 30 in order to prepare the monthly financial statements. Assume no other interest accrual entries have been made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation June 30 Interest Expense Save for Later Notes Payable Debit Credit Attempts: 0 of 1 used Submit Answer Your answer has been saved. See score details after the due date. Prepare any adjusting entries necessary on June 30 in order to prepare the monthly financial statements. Assume no other interest accrual entries have been made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation June 30 Interest Expense Notes Payable Debit 420 Credit 420 Attempts: 1 of 1 used (c) Prepare the entry to record payment of the note at maturity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 Save for Later Attempts: 0 of 1 used Submit