On June $1,$ Cullumber Company Ltd$.$ borrows $$45,000$ from Acme Bank on a $6-$month, $$45,000,8\%$ note. The note matures on December $1.$

$($a$)$

Prepare the entry on June $1.($Credit account titles are automatically indented when 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 $1$

$($b$)$

Prepare the adjusting entry on June $30.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$).$

Date Account Titles and Explanation Credit

$($c$)$

Prepare the entry at maturity $($December $1),$ assuming monthly adjusting entries have been made through November $30.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Dec. $1$

$($d$)$

What was the total financing cost $($interest expense$)?$

Total financing cost