Question 8 of 15 0.83/13 : View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. C.S. Crane Company had these transactions involving notes payable. July 1, 2022 Borrows $50,500 from First National Bank by signing a 9-month. 8% note. Nov. 1.2022 Borrows $62.600 from Lyon County State Bank by signing a 3-month, 6% note. Dec. 31, 2022 Prepares adjusting entries. Feb. 1.2023 Pays principal and interest to Lyon County State Bank. Apr. 1, 2023 Pays principal and interest to First National Bank. 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 nresented in the nrohlem) Question 8 of 15 0.8371 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 1,2022 Cash 50,500 Notes Payable 50,500 1, 2022 Cash 62,600 Notes Payable 62,600 31, 2022 v Interest Expense 3030 Interest Payable (Adjusting entry for First National Bank note.) 3030 31.2022 Interest Excoense 939 Interest Payable (Adjusting entry for Lyon County State Bank note) 939 1 2026 Notes Payable 62,600 Interest Payable 935 Interest Expense 313 Cach 1.2023 63852 Notes Payable 50,500 Interest Payable 3030 Interest Expense 3030 Cash 56560 e Textbook and Media List of Accounts Save for Late