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

$

Click if you would like to Show Work for this question:

Open Show Work