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C.S. Lewis Company had the following transactions involving notes payable. $51,000 from First National Bank by signing a 9-month,8%note. July 1 Nov. 1, 2015 Borrows

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C.S. Lewis Company had the following transactions involving notes payable. $51,000 from First National Bank by signing a 9-month,8%note. July 1 Nov. 1, 2015 Borrows $62,400 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. Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is en manually-) Date Account Titles and Explanation July 1, 2015 Nov. 1, 2015 Dec. 31, 2015 (Adjusting entry for First National Bank note.) Dec. 31, 2015 (Adjusting entry for Lyon County State Bank note.)

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