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On June 1, Bramble Company borrows $121,500 from First Bank on a 6-month, $121,500,8% note. (a) Your answer is correct. Prepare the entry on June
On June 1, Bramble Company borrows $121,500 from First Bank on a 6-month, $121,500,8% note. (a) Your answer is correct. Prepare the entry on June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the adjusting entry on June 30. (Credit account titles are qutornatically indented when omount is entered. Do not indent manually.) 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.) What was the total financing cost (interest expense)? Total financing cost $
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