Exercise 10-2 On June 1, Merando Company borrows $89,250 from First Bank on a 6-month, $89,250, 8% note. Prepare the entry on June 1. (Credit account titles are automatically indented when amount is en Do not indent manually.) tered. Date Account Titles and SaHow LIST OF ACCOUNTS Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation June 30