Question: OURCES FULL Question 13 On June 1, Merando borrows $81,000 from First Bank on a six-month, $81,000, 6% note. (a) Your answer is correct. Prepare

OURCES FULL Question 13 On June 1, Merando borrows $81,000 from First Bank on a six-month, $81,000, 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 indent manually. If no er account tities and enter for the amounts.) Date Account Titles and Explanation Debit Credit June Cash 31000 Notes Payable (Borrowed cash and signed a note.) 81000 Study SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO VIDEO By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts (b) Prepare the adjusting entry on June 30. (Credit account titles are automatically indented when the amount is entered. Do not in Entry" for the account titles and enter o for the amounts.) by Study Debit Credit Date Account Titles and Explanation June 30 (Accrued interest expense.)

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