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On June 1, Lily Company borrows $84,000 from First Bank on a 6-month, $84,000,856 note. Prepare the entry on June 1. (Credit account titles
On June 1, Lily Company borrows $84,000 from First Bank on a 6-month, $84,000,856 note. Prepare the entry on June 1. (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 O for the amounts.) Date Account Titles and Explanation June 1 Debit Credit Prepare the adjusting entry on June 30. (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 O for the amounts.) Date Account Titles and Explanation June 30 Debit Credit 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 1 Debit Credit What was the total financing cost interest expense]? Total financing cost $
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