Question 1 of 5 View Policies Current Attempt in Progress Pharoah Company had the following transactions involving notes payable. July 1, 2020 Nov. 1, 2020 Dec. 31, 2020 Borrows $62,500 from First National Bank by signing a 9-month, 8% note. Borrows $75,000 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. Feb. 1, 2021 Pays principal and interest to Lyon County State Bank. Apr. 1, 2021 Pays principal and interest to First National Bank. -12 E 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.) Date. Account Titles and Explanation Debit Credit