Question: On June 1, Whispering Winds Corp. Ltd. borrows $58,500 from Acine Bank on a 6-month $58,500,8% note, The note matures on December 1 (a) Prepare

On June 1, Whispering Winds Corp. Ltd. borrows $58,500 from Acine Bank on a 6-month $58,500,8% 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) 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.) Date Account Titles and Explanation Debit Credit June 30 (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) Debit Credit Date Account Titles and Explanation Dec 1 (d) What was the total financing cost interest expense)? Total financing cost $

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