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On June 1, Lily Company borrows $90,000 from First Bank on a 6-month, $90,000, 8% note. Prepare the entry on June 1. (Credit account titles

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On June 1, Lily Company borrows $90,000 from First Bank on a 6-month, $90,000, 8% note. 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 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit June 30 Credit SHOW LIST OF ACCOUNTS LINK TO TEXT 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 manuallva 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 SHOW LIST OF ACCOUNTS LINK TO TEXT What was the total financing cost interest expense)? Total financing cost

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