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C.S. Cullumber Company had the following transactions involving notes payable. July 1,2025 Nov. 1,2025 Dec. 31,2025 Feb. 1,2026 Apr. 1,2026 Borrows $106,950 from First National

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C.S. Cullumber Company had the following transactions involving notes payable. July 1,2025 Nov. 1,2025 Dec. 31,2025 Feb. 1,2026 Apr. 1,2026 Borrows $106,950 from First National Bank by signing a 9 -month, 8% note. Borrows $110,000 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. 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. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tittes and enter of for the amounts. Record fournat entries in the onder presented in the problem f Prepare journal entries for each of the transactions, (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent montally. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

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