FULL SCREEN PRINTER VERSION BACK NEXT Exercise 10-3 (Part Level Submission) On June 1, Merando borrows $75,000 from First Bank on a six-month, $75,000, 6% note. Your answer is correct Prepare the entry on June 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit June cash 75000 75000 Notes payable (Borrowed cash and signed a note.) By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 1 of 2 used Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 1 (Paid note and interest owing.) By accessing this question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor