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please help Return to Blackboard JS Wayanl, Accounting Ple, 13 Exercise 11-01 Your answer is partially correct. Try again. C.S. Sheridan Company had the following
please help Return to Blackboard JS Wayanl, Accounting Ple, 13 Exercise 11-01 Your answer is partially correct. Try again. C.S. Sheridan Company had the following transactions involving notes payable July 1, 2020 Borrow $54,000 from First National Bank by signing a 9-month note. Nov. 1. 2000 Borrow $60,400 from Lyon County State Bank by signing a 3-month, note Dec 31, 2000 Prepares adjusting entries Feb 1, 2021 Pays principal and interest to Lyon County State Bank Apr 1, 2021 Pays principal and interest to Port National Bank Prepare journal entries for each of the transactions. (Credit account tits are automatically indented when amount interd. De not indently answers to ecc 5.27. Record om entries in the under presented in the problem.) Date Account Talesplanation Debat Credit July 1, 2020 54000 Notes Payable 54000 Nov. 1, 2020 Tieten wable 63400 Dec 31, 2020 Lanterest Expense 2160 2160 Interest Puvate (Adjusting entry for First National Banknote) Dec 31, 2020 Interest Expense 958 Interstwie Austing entry for Lyon County State Banknote) A 18 AM 6/25/2020 here to search
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