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Exercise 11-2 On June 1, Merando Company borrows $77,400from First Bank on a6-month, $77,400,8% note. Prepare the entry on June 1.(Credit account titles are automatically

Exercise 11-2 On June 1, Merando Company borrows $77,400from First Bank on a6-month, $77,400,8% note.
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
SHOW LIST OF ACCOUNTS
LINK TO TEXT
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 Debit Credit
June 30
SHOW LIST OF ACCOUNTS
LINK TO TEXT
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. 1
SHOW LIST OF ACCOUNTS
LINK TO TEXT
What was the total financing cost (interest expense)?
Total financing cost $
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