C.S. Crane Company had the following transactions involving notes payable. July 1, 2022 Nov. 1, 2022 Dec. 31, 2022 Borrows $71,000 from First National Bank by signing a 9-month, 8% note. Borrows $74,000 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. Feb. 1, 2023 Apr. 1, 2023 Pays principal and interest to Lyon County State Bank. Pays principal and interest to First National Bank. Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation July 1, 2022 Cash Notes Payable November 1, 2022 A Cash Notes Payable December 31, 2022 Interest Expense Interest Payable December 31, 2022 (To record accrual of interest from First National Bank) Interest Expense Interest Payable (To record accrual of interest from Lyon County State Bank) Notes Payable Interest Payable Interest Expense Cash Debit 71,000 74,000 4,260 1,110