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Exercise 3-2 On June 1, Wildhorse Co. Ltd, borrow $80.000 from Acme Bank on a 6-month. 500.000, 6% nate. The note matures on December 1

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Exercise 3-2 On June 1, Wildhorse Co. Ltd, borrow $80.000 from Acme Bank on a 6-month. 500.000, 6% nate. The note matures on December 1 (a) Prepare a tabular summary to record the note wed on June (b) Prepare a tabular summary to record adjustment on June 30. (c) Prepare a tabular summary to record the repayment at maturity (December 1), assuming monthly adjustments have been made through November 30, (If a transaction causes a decrease in Assets, Liabilities or stockholders' Equity place a negative won for parentheses) in front of the montered for the particular sat tibi quilitet was reduced) Assets Liabilities stockholders' Equity Retained Earnings Cash Notes Pay. Interest Pay. + Common Stock Revenue Expense Dividend (a) June 2017 $ Interest (b) June 30, 2017 (c) Dec. 1. 2017 W LIST OF ACCOUNTS What was the total financing cost interest expense) Total areat expense S Click if you would like to show Work for this questions

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