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On June 1, Blossom Company Ltd. borrows $60,000 from Acme Bank on a 6-month, $60,000,4% note. The note matures on December 1. (a)(c) (a) Prepare

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On June 1, Blossom Company Ltd. borrows $60,000 from Acme Bank on a 6-month, $60,000,4% note. The note matures on December 1. (a)(c) (a) Prepare a tabular summary to record the note issued on June 1. (b) Prepare a tabular summary to record adjustment on June 30 . (c) Prepare a tabular summary to record the reparyment at maturity (December 1), assuming monthly adjustments have been Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liobilities or Stockholders' Equity, ploce a negotive sign (or parentheses) in front of the amount entered for the particular Asset, Liobility or Equity item that was reduced.) Include margin explanations for the changes in revenues and expenses. (lf a transaction couses a decrease in Assets, Liobilities or Stockholders' Equity, ploce a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item thot wosreduced) Attempts: 0 of 1 used

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