Please respond asap, I will upvote! Blossom Limited borrowed $87.600...
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Blossom Limited borrowed $87.600 from National Limited on July 1 and issued a three-month note payable at 5% due at maturity on October 1. Blossom's year end is August 31 and the company records adjusting entries only at that time. Prepare the journal entries that National Limited would record on the note it received from Blossom Limited, assuming it makes adjusting entries monthly. for the accrual of interest income on July 31, Aupust 31, and September 30. (Credit accotint titles are automatically indented when the 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. Record journal entries in the order presented in the question statement. List all debit entries before credit entries.)
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