Exercise 10-2 On June 1, Merando Company borrows $115,500 from First Bank on a 6-month, $115,500, 8% note. (a) Prepare the entry on June 1. (Credit account titles are automatically indented when amount is enter Date Account Titles and Explanation Debit Credit June 1 (b) Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when amou Date Account Titles and Explanation Debit Credit June 30 (c) Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 1 What was the total financing cost interest expense)? Total financing cost