[Solved] On June 1, Sheffield Corp, borrows $114,0

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On June 1, Sheffield Corp, borrows $114,000 from First Bank on a 6-month, $114,000, 8% note. (a) Prepare the entry on June 1. (Credit account

On June 1, Sheffield Corp, borrows $114,000 from First Bank on a 6-month, $114,000, 8% note. (a) Prepare the entry on June 1. (Credit account titles are automatically Indented when amount is entered. Do not indent manually)

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