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Question 1 of 4 < CS. Bramble Company had these transactions involving notes payable. Borrows $50,000 from First National Bank by signing a 9-month,
Question 1 of 4 < CS. Bramble Company had these transactions involving notes payable. Borrows $50,000 from First National Bank by signing a 9-month, 8% note. Borrows $61.600 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. July 1, 2022 Nov. 1, 2022 Dec. 31, 2022 Feb. 1,2023 Pays principal and interest to Lyon County State Bank Apr. 1, 2023 Pays principal and interest to First National Bank. 16.3/20 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 Date July 1.2022 Cash Notes Payable Nov. 1.2022 Cash Notes Payable Debit Credit 50000 61600 50000 61600
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