On April 1, Wildhorse Company borrows $120,000 from West Bank by signing a 6-month, 6%, interest-bearing note. Prepare the necessary entries below associated with the note payable on the books of Wildhorse Company.

Prepare the entry on April 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
April 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a debit amount

SHOW LIST OF ACCOUNTS

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Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements. Assume no other interest accrual entries have been made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
June 30	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a debit amount