Brief Exercise 248 On April 1, Cullumber Company borrows $110,000 from West Bank by signing a 6-month, 8%, interest-bearing note. Prepare the necessary entries below associated with the note payable on the books of Cullumber Company. Prepare the entry on April 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 Debit Credit April 1 Cash Notes Payable SHOW LIST OF ACCOUNTS Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual 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 Show Work is REQUIRED for this question: Open Show Work Debit Credit