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On June 1 , Bonita Company borrows $ 1 0 6 , 5 0 0 from First Bank on a 6 - month, $ 1

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