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On June 1, Carla Vista Co. Ltd. borrows $87,000 from Acme Bank on a 6-month, $87,000,8% note. The note matures on December 1 Prepare the
On June 1, Carla Vista Co. Ltd. borrows $87,000 from Acme Bank on a 6-month, $87,000,8% note. The note matures on December 1 Prepare the entry on June 1. (List all debit entries before credit entries. 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.) Prepare the adjusting entry on June 30. (List all debit entries before credit entries. 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.) Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30 . (List all debit entries before credit entries. 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.) What was the total financing cost (interest expense)? Total interest expense $
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