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1 of 5 View Policies Current Attempt in Progress A C.S. Blossom Company had the following transactions involving notes payable. July 1, 2022 Nov. 1,
1 of 5 View Policies Current Attempt in Progress A C.S. Blossom Company had the following transactions involving notes payable. July 1, 2022 Nov. 1, 2022 Borrows $68,000 from First National Bank by signing a 9-month, 8% note. Borrows $71,000 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. Dec. 31, 2022 Pays principal and interest to Lyon County State Bank. Feb. 1, 2023 Apr. 1, 2023 Pays principal and interest to First National Bank. Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when manually. Record journal entries in the order presented in the problem.)
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