ESOURCES Exercise 10-1 C.S. Lewis Company had the following transactions Involving nates payable. sion) (Part sion) July 1, 2017 Borrows $53,000 from First National Bank by signing a 9-month, B% note. Nov. 1, 2017 Borrows $63,600 from Lyon County State Bank by signing a 3-morth, 6oe Dec.31, 2017 Prepares adjusting entries. Feb. 1, 2018 Pays principal and interest to Lyon County State Bank. Exersise Apr. 1, 2018 Pays principal and interest to First National Bank Prepare journal entries for each of the transactions. (Credit account titles are entries in the order presented in the problem.) automaticaly Indented when amoust is entered. Do not indent ity Recon oura Date Account Titles and Explanation 12 in s by Study (To record adjusting entry for First National Bank note) To record adjusting entry for Lyon County State Bank note 1 2000-2012lahnwterassorna. All Rights Reserved. A Division e, 2shnmitilaus 1 Privacy Polsx ent Next *