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Exercise 11-1 C.S. Lewis Company had the following transactions involving notes payable July 1, 2012 Borrows $55,000 from Fourth National Bank by signing a 9-month,

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Exercise 11-1 C.S. Lewis Company had the following transactions involving notes payable July 1, 2012 Borrows $55,000 from Fourth National Bank by signing a 9-month, 12% note. Nov. 1, Borrows $64,200 from Livingston State Bank by signing a 3-month, 10% note. 2012 Dec. 31, Prepares adjusting entries 2012 Feb. 1, 2013 Pays principal and interest to Livingston State Bank. Apr. 1, 2013 Pays principal and interest to Fourth National Bank. Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amou DateAccount Titles and Explanation Debit Credit July 1, 2012 Nov. 1, 2012 Dec. 31, 2012 (Adjusting entry for Fourth National Bank note.) Dec. 31, 2012 (Adjusting entry for Livingstone State Bank note.) Feb. 1, 2013 Apr. 1, 2013 Alwarez Company has the following data for the weekly payroll ending January 31 rederal lourly Health L. Donnon B 9 7 10 3 L. Gruegaru 8778 S D. Alcazor 10 11 8 98 0 $11 $35.00 Prepare the payrell register for the weckly payroll. (Round answers to 2 decimal placcs, cg. 15.25.) For the Week Ending January 31 L. Gregoire Totals

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