During 2021, Crane Company borrowed cash from Sheridan Company by issuing notes payable as follows: 1. July 1, 2021, issued an eight-month, 3% note for $67,200. Interest and principal are payable at maturity. 2. November 1, 2021, issued a three-month, 5% note for $44,400. Interest is payable monthly on the first day of the month. Principal is payable at maturity. Crane has a December 31 fiscal year end and prepares adjusting entries on an annual basis. (a) Prepare all necessary journal entries for Crane Company to record the notes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollar, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit