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  3. on june 1, swifty corporation ltd. borrows $46,500

On June 1, Swifty Corporation Ltd. borrows $46,500 from Acme Bank on a 6-month, $46,500,8%...

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Accounting

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On June 1, Swifty Corporation Ltd. borrows $46,500 from Acme Bank on a 6-month, $46,500,8% 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) (b) Prepare the adjusting entry on June 30 . (Credit account titles are outomatically indented when amount is entered. Do not indent manually) (c) Prepare the entry at maturity (December 1), assuming monthly adfusting entries have been made through November 30, (OCedlt account tities are outomatically indented when amount is entered. Do not indent manually)

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