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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

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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 on June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 1 e Textbook and Media List of Accounts Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 30 Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 1 e Textbook and Media List of Accounts What was the total financing cost interest expense)? Total interest expenses e Textbook and Media List of Accounts

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