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Exercise 250 On March 1, Bramble Company borrows $81,000 from New National Bank by signing a 6-month, 6%, interest-bearing note. Prepare the necessary entries below

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Exercise 250 On March 1, Bramble Company borrows $81,000 from New National Bank by signing a 6-month, 6%, interest-bearing note. Prepare the necessary entries below associated with the note payable on the books of Bramble Company. Prepare the entry on March 1 when the note was issued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit March 1 Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements. Assume no other interest accruslentries have been made. (Credit a automatically indented when the amount is entered. Do not indent manually.) Date Account Tities and Explanation Credit June 30 Prepare the entry to record payment of the note at maturity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Sept Click if you would like to Show Work for this question: Doen Show Work

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