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On June 1, Crane Company Ltd. borrows $99,000from Acme Bank on a6-month, $99,000,8% note. The note matures on December 1. (a) Prepare the entry on

On June 1, Crane Company Ltd. borrows $99,000from Acme Bank on a6-month, $99,000,8% note. The note matures on December 1.

(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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