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C.S. Crane Company had the following transactions involving notes payable. July 1, 2022 Borrows $35,000 from First National Bank by signing a 9-month, 8% note.

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C.S. Crane Company had the following transactions involving notes payable. July 1, 2022 Borrows $35,000 from First National Bank by signing a 9-month, 8% note. Borrows $38,000 from Lyon County State Bank by signing a 3-month, 6% note. Nov. 1, 2022 Dec. 31, 2022 Prepares adjusting entries. Feb. 1, 2023 Pays principal and interest to Lyon County State Bank. Pays principal and interest to First National Bank. Apr. 1, 2023 Prepare journal entries for each of the transactions. (Credit account titles are automatically in dented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Date (To record accrual of interest from First National Bank) (To record accrual of interest from Lyon County State Bank) Click if you would like to Show Work for this question: Open Show Work

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