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On June 1, Marchon Company Ltd. borrows $60,000 from Acme Bank on a 6-month, $60,000,8% note. The note matures on December 1. (a) Prepare the

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On June 1, Marchon Company Ltd. borrows $60,000 from Acme Bank on a 6-month, $60,000,8% 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. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation June 1 Cash Debit Credit 60000 Notes Payable 60000 (b) 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 for the amounts) Date Account Titles and Explanation Interest Expense Debit Credit June 30 Interest Payable c) 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 for the amounts! Date Account Titles and Explanation Dec. 1 Interest Payable Debit Credit Notis Payable Cash (c ) 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 for the amounts.) Date Account Titles and Explanation Dec. 1 Interest Payable Debit Credit Notes Payable Cash (d) What was the total inancing cost interest expense)? Total financing cost

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