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  3. on june 1, wildhorse co, borrows $115,500 from fir

On June 1, Wildhorse Co, borrows $115,500 from First Bank on a 6 - month,...

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Accounting

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On June 1, Wildhorse Co, borrows $115,500 from First Bank on a 6 - month, $115,500,8% note. (a) Prepare the entry on June 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Prepare the adjusting entry on June 30. (Credit account titles are outomaticolly indented when amount is entered. Do not indent manuolly) (c) Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30 . (Credit account titles are outomatically indented when amount is entered. Do not indent manuallyd Prepare the entry at maturity (December 1), assuming monthly adjusting entries have been made through November 30 . (Credit occount titles are automaticaily indented when amount is entered, Do not indent manually.) (d) What was the total financing cost (interest expense)

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