Exercise 10-3 (Part Level Submission) On June 1, Merando borrows $60,000 from First Bank on a six-month, $60,000, 6% note. (a) Your answer is correct. Prepare the entry on June 1. (Credit account titles are automatically indented when the amount is entered. Do not account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit June 1 Cash 60000 M Notes Payable (Borrowed cash and signed a note.) 60000 By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your ins Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when the amount is entered. Do not inde Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit June 30 (Accrued interest expense.) By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor, Attempts