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Kimmel, Financial Accounting, Be Gradebook ORION Exercise 10-3 On June 1 Crane Company Ltd. borrows $44,000 from Acme Bank on a 6-month, s44,000,6% note. The

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Kimmel, Financial Accounting, Be Gradebook ORION Exercise 10-3 On June 1 Crane Company Ltd. borrows $44,000 from Acme Bank on a 6-month, s44,000,6% note. The note matures on December 1. Prepare the entry on June 1. (Credit account titles are automatically indented when amount is entered. Do not indentmanually) Date AODENunt Titles and Explanation June 1 Prepare the adjusting entry on June 30. (credit account titles are automatically indented when amount is entered. Do mor indent manually. MEXRant Titlm and Explanation June 30 SHow LIST OF Prepare the entry at maturity (December assuming monthly adusting entres have been made through November 30. (credeaccount s are awtom and Explanation A Rights Reserved. A Division of

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