(7). C.S. Lewis Company had the following transactions involving notes payable. July 1, 2014 Borrows $150,000 from Trident National Bank by signing a 9-month, 8% note. Nov. 1, 2014 Borrows $260,000 from Lyon County State Bank by signing a 3-month, 6% note. Dec 31, 2014 Prepares adjusting entries. Feb. 1, 2015 Pays principal and interest to Lyon County State Bank. Apr. 1, 2015 Pays principal and interest to Trident National Bank. Instructions Prepare journal entries for each of the transactions (5 x.5=2.5) 9) Float Corporation had the following transactions pertaining to debt investments. Jan. 1 Purchased 100 8%, $1,000 Qaiz Co. bonds for $100,000 cash plus brokerage fees of $1,800. Interest is payable semiannually on July 1 and January 1. July 1 Received semiannual interest on Qiaz Co. bonds. July 1 Sold 60 Qaiz Co. bonds for $68,000 less $1,000 brokerage fees. Required: a) Journalize the transactions. (2 marks) b) Prepare the adjusting entry for the accrual of interest at December 31. (0.5 Mark)