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On June 1, Bonita Company borrows $106,500 from First Bank on a 6-month, $106,500,8% note....

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Accounting

On June 1, Bonita Company borrows $106,500 from First Bank on a 6-month, $106,500,8% note.
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
image

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