On June 1, Bonita Company borrows $106,500 from First Bank on a 6-month, $106,500, 8% note.   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 Debit Credit June 1         Show List of Accounts Link to Text   Prepare the adjusting entry on June 30.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On June 1, Bonita Company borrows $106,500 from First Bank on a 6-month, $106,500, 8% note.

 


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
Debit
Credit
June 1

 

 

 

 

Show List of Accounts
Link to Text

 

Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when am

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