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On June 1, Oriole Company borrows $127,500 from First Bank on a 6-month, $127,500, 8% note. Prepare the entry on June 1. (Credit account titles

On June 1, Oriole Company borrows $127,500 from First Bank on a 6-month, $127,500, 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

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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

Credit

June 30

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 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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