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

I'm not sure if the "Notes Payable" and "Cash" are correct, when I put "interest expense" and "notes payable" for the 1st and 3rd boxes it was marked wrong so please don't put that for your answer.

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 Notes Payable 3550 Interest Payable 710 Cash 106500