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4 Oriole Company had the following transactions involving notes payable, July 1, 2022 Nov 1.2022 Dec 31, 2022 Borrows $59.500 from First National Bank by

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4 Oriole Company had the following transactions involving notes payable, July 1, 2022 Nov 1.2022 Dec 31, 2022 Borrows $59.500 from First National Bank by signing a 9-month, 8% note. Borrows $71,400 trom Lyon County State Bank by signing a 3-month, 6% note Prepares adjusting entries. Pays principal and interest to Lyon County State Bank, Pays principal and interest to First National Bank Feb 1, 2023 Apr. 1.2023 Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered Do not indent manually. Record jodrnal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit July 1, 2022 2 Cash 59000 Notes Payable Cash 71400 November 1.2022 Notes Payable

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