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Can you show me how to plug in the formulas in Excel E11.1 (LO 1), AP C.S. Lewis Company had these transactions involving notes payable.
Can you show me how to plug in the formulas in Excel
E11.1 (LO 1), AP C.S. Lewis Company had these transactions involving notes payable. Prepare entries for interest- July 1, 2022 Borrows $50,000 from First National Bank by signing a 9-month, 8% note. bearing notes. Nov. 1, 2022 Borrows $60,000 from Lyon County State Bank by signing a 3-month, 6% note. Dec. 31, 2022 Prepares adjusting entries. Feb. 1, 2023 Pays principal and interest to Lyon County State Bank. Apr. 1, 2023 Pays principal and interest to First National Bank. Instructions Prepare journal entries for each of the transactionsStep by Step Solution
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