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On June 1, Sheffield Company borrows $111,000 from First Bank on a 6-month, $111,000,8% note. Prepare the entry on June 1. (Credit account titles are
On June 1, Sheffield Company borrows $111,000 from First Bank on a 6-month, $111,000,8% 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 0 for the amounts.) Date Account Titles and Explanation Debit Credit June 1 eTextbook and Media 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 0 for the amounts.) 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 0 for the amounts.)
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