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Question 16 of 18 View Policies Current Attempt in Progress C.S. Bonita Company had the following transactions involving notes payable. July 1, 2020 Nov. 1,
Question 16 of 18 View Policies Current Attempt in Progress C.S. Bonita Company had the following transactions involving notes payable. July 1, 2020 Nov. 1, 2020 Dec. 31, 2020 Feb. 1, 2021 Apr. 1, 2021 Borrows $50,000 from First National Bank by signing a 9-month, 8% note. Borrows $63,600 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. Pays principal and interest to Lyon County State Bank. Pays principal and interest to First National Bank. Question 16 of 18 -/22 (Adjusting entry for First National Bank note) PILDI (Adjusting entry for Lyon County State Bank note.)
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