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On June 1, Crane Company Ltd, borrows $99,000 from Acme Bank on a 6-month, 599,000,8% note. The note matures on December 1 Prepare the entry

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On June 1, Crane Company Ltd, borrows $99,000 from Acme Bank on a 6-month, 599,000,8% note. The note matures on December 1 Prepare the entry on June 1. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually) Debit Credit Date Account Tities and Explanation Canti 99000 June 1 99000 Notes Payable Date Account Titles and Explanation Debit Credit June 30 e Textbook and Media List of Accounts Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30. (Credit account ttles are automatically Indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit Dec. 1 Date Account Titles and Explanation Debit Credit Dec. 1 eTextbook and Media List of Accounts What was the total financing cost interest expense)? Total interest expense $

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