Question 4 of 6 View Policies < > 0.58/1 Show Attempt History Current Attempt in Progress On June 1, Pharoah Company Ltd. borrows $60,000 from Acme Bank on a 6-month, $60,000, 6% note. The note matures on December 1. Your answer is correct 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 Cash Notes Payable eTextbook and Media List of Accounts Debit Credit 60000 60000 Your answer is partially correct. 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 June 30 Interest Expense Interest Payable eTextbook and Media List of Accounts Your answer is partially correct Debit 800 Credit 800