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Exercise 10-3 (Part Level Submission) on June 1, Fancher Company Ltd. borrows $240,000 from First Bank on a 6-month, $240,000, 4% note. The note matures

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Exercise 10-3 (Part Level Submission) on June 1, Fancher Company Ltd. borrows $240,000 from First Bank on a 6-month, $240,000, 4% note. The note matures on December 1. (a) Prepare the entry on June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation June 1 Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO

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