Watunga County Bank agrees to lend Crane Granite Company $590000 on January 1. Crane Granite...

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Accounting

Watunga County Bank agrees to lend Crane Granite Company $590000 on January 1. Crane Granite Company signs a $590000,6%,
9-month note. What is the adjusting entry required if Crane Granite Company prepares financial statements on June 30?
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