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On June 1, Lily Company borrows $ 84,000 from First Bank on a 6-month, $ 84,000, 8% note. Prepare the entry at maturity (December 1),

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On June 1, Lily Company borrows $ 84,000 from First Bank on a 6-month, $ 84,000, 8% note. 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.) Date Account Titles and Explanation Debit Credit Dec. 1

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