Exercise 11-02 a d (Video) On June 1, Swifty Company borrows $90,000 from First Bank on a 6-month, $90,000, 8% note. Your answer is partially correct. Try again. 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 Debit Credit June 1 90000 Notes Payable 00000 Your answer is partially correct. Try again. Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Date Credit Account Titles and Explanation 600 June 30 600 Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. Notes Payable x your answer is incorrect. Try again What was the total financing cost.(interest expense) Total financing cost