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Exerci Merando Company borrows E11-2 On June 1 $90,000, 8% note. Instructions (a) Prepare the entry on June 1. (b) Prepare the adjusting entry on

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Exerci Merando Company borrows E11-2 On June 1 $90,000, 8% note. Instructions (a) Prepare the entry on June 1. (b) Prepare the adjusting entry on June 30. (c) Prepare the entry at maturity (December 1), assuming monthly adjusting entries have rom 6-month, Prepare entries for inte bearing notes. (LO 1) been made through November 30 (d) What was the total financing cost (interest expense)

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Advanced Financial Accounting Lawrence S C Good Condition ISBN 08512

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