On June 1, Sheridan Company borrows $91,500 from First Bank on a 6-month, $91,500,8% note. Prepare the entry on June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) What was the total financing cost (interest expense)? Total financing cost $