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CS. Sandhill Company had the following transactions involving notes payable. July 1, 2022 Borrows $62,000 from First National Eank by signing a 9 : month,

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CS. Sandhill Company had the following transactions involving notes payable. July 1, 2022 Borrows $62,000 from First National Eank by signing a 9 : month, 8% note Nov 1, 2022 Borrows $65,000 from Lyon County State Bank by signing a 3 month, 6Nnote Dec.31, 2022 Prepares adjusting entries: Feb. 1,2023 Pays principal and interest to Lyon County State Bank Apr. 1,2023 Pays principal and interest to First National Bank. Prepare journal entrics for each of the transactions. (Credlit occount titles are automatically indented when amount is entered. Do not indent manualk Recond fournal entries in the onder presented in the problen. Account Titles and Explanation Debit Credi (To record accuual of interest from First National Bank) (To record accrual of interest from Lyon County State Bank)

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