On June $1,$ Bonita Company borrows $$106,500$ from First Bank on a $6-$month, $$106,500,8\%$ note.

Prepare the entry on June $1.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

s and Explanation

Debit

Credit

Prepare the adjusting entry on June $30.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

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. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

Date Account Titles and Explanation

Debit

Dec.

$1$

What was the total financing cost $($interest expense$)?$

Total financing cost

$