6 of 6 View Policies Current Attempt in Progress CS. Crane Company had the following transactions involving notes payable. July 1, 2020 Nov. 1, 2020 Dec. 31, 2020 Feb. 1, 2021 Apr. 1, 2021 Borrows $50,500 from First National Bank by signing a 9-month, 8% note. Borrows $62,600 from 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. -/25 1 Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275, Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (Adjusting entry for First National Bank note.) Debit Credit Question 6 of 6 (Adjusting entry for Lyon County State Bank note.) -/25 1 Question 6 of 6 < I Save for Later Attempts: 0 of 1 used -/25 1 Submit Answer O