Exercise 10-1 Cheyenne Corp. had the following transactions involving notes payable. July 1, 2019 Borrows $59,000 from First National Bank by signing a 9-month, 8% note. Nov. 1, 2019 Borrows $70,800 from Lyon County State Bank by signing a 3-month, 6% note. Dec. 31, 2019 Prepares adjusting entries. Feb. 1, 2020 Pays principal and interest to Lyon County State Bank. Apr. 1, 2020 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 entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Date July 1, 2019 Cash 59000 Notes Payable 59000 November 1, 2019 Cash 70800 Notes Payable 70800 December 31, 2019 Interest Expense Interest Payable (To record adjusting entry for First National Bank note) December 31, 2019 Interest Expense Interest Payable (To record adjusting entry for Lyon County State Bank note) Feb. 1, 2020 Notes Payable Interest Expense Interest Payable Cash Apr. 1, 2020 Notes Payable Interest Expense Interest Payable Activate Windows Go to Settings to activate Windows. Cash