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Lxercisee 10 S On June 1, Blossom Company Ltd. borrows $42,000 from Acme Bank on a 6-month, $42,000, 12 % note . The note matures

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Lxercisee 10 S On June 1, Blossom Company Ltd. borrows $42,000 from Acme Bank on a 6-month, $42,000, 12 % note . The note matures on December 1 Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30. (Credit account titles are automatic amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 1 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE What was the total financing cost (interest expense)? Total interest expense Open Show Work Click if you would like to Show Work for this question: Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30. (Credit account titles are automatic amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 1 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE What was the total financing cost (interest expense)? Total interest expense Open Show Work Click if you would like to Show Work for this

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