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Exercise 10-3 On June 1, Sunland Company Ltd. borrows $56,000 from Acme Bank on a 6-month, $56,000, 12% note. The note matures on December 1. 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 June 1 Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Prepare the adjusting entry on June 30. (Credit account titles are autmatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation June 30 Debit Credit