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On June 1, Cullumber Company Ltd borrows $69.000 from Acme Bank on a 6-month $69.000, 8% note. The nate matures on December 1 Prepare the

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On June 1, Cullumber Company Ltd borrows $69.000 from Acme Bank on a 6-month $69.000, 8% note. The nate matures on December 1 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 e Textbook and Media List of Accounts Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually Debit Credit Date Account Titles and Explanation June 30 e Textbook and Media List of Accounts Prepare the entry at maturity (December 11. ssuming monthly adjusting entries have been made through November 30. (Credit account titles are automatically indented when amount is enteral. Do not indent manually Debit Credit Date Account Titles and Explanation Der + e Textbook and Media List of Accounts What was the total financing cost interest expensel? Total interest expense 5

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