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C5. Sheridan Company had the following transactions irivolving notes payable July 1,2025 Borrows $52,950 from First National Bank by signing a 9 month. 8% note

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C5. Sheridan Company had the following transactions irivolving notes payable July 1,2025 Borrows $52,950 from First National Bank by signing a 9 month. 8% note Nov. 1, 2025 Borrows $56,000 from Lyon County State Bank by signing a 3-month, 65, note Deci 31.2025 Prepares adjusting entries: Feb, 1.2026 Pays principaland interest to tyon County State Bank Apr. 1,2026 Paysprincipal and interest to First National Bank Prepare journal entries for each of the transactions. Qist all debit entries before credit entries. Credit account tieles are outomatically amounts. Record journal entries in the order presented in the probiem] Indented when amount is entered. Do not indent manuala, if no entry is required, seicct "Wo Entry' for the acoount titles and enter Ofor the amounts. Record fournal entries in the order presented in the problem. (To record accrual of interest from Lyon Counly state Bank)

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