C.S. Lewis Company had the following transactions involving notes payable.

Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

July 1, 2015 Borrows $51,000 from First National Bank by signing a 9-month, 8% note. Nov. 1, 2015 Borrows $60,600 from Lyon County State Bank by signing a 3-month, 6% note. Dec. 31, 2015 Prepares adjusting entries Feb. 1, 2016 Pays principal and interest to Lyon County State Bank Apr. 1, 2016 Pays principal and interest to First National Bank