Question: Question 16 of 20 Current Attempt in Progress .../ 10 On March 1. Pronghorn Company borrows $135.000 from New National Bank by signing a 6-month,

Question 16 of 20 "Current Attempt in Progress .../ 10 On March 1. Pronghorn Company borrows $135.000 from New National Bank by signing a 6-month, 7%, interest-bearing note Prepare the necessary entries below associated with the note payable on the books of Pronghorn Company (a) Your answer has been saved. See score details after the due date. Prepare the entry on March 1 when the note was issued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation March Debit Credit Cash 135.000 re to search ORI 73F Clear (b) Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements. Assume no other interest accrual entries have been made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 30 List of Accounts Savn for Later Attempts: 0 of 1 used Submit Answer A be here to search o RE 720 Clear

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