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Thank you for your answers! Exercise 11-1 C.S. Lewis Company had the following transactions involving notes payable. uly 1, 2017 Borrows $50,500 from First National

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Exercise 11-1 C.S. Lewis Company had the following transactions involving notes payable. uly 1, 2017 Borrows $50,500 from First National Bank by signing a 9-month, 8% note. No. 1, 2017 Borrows $64,000 from Lyon County State Bank by signing a 3-month, 6% note. Dec. 31, 2017 Prepares adjulting entries. Feb. 1, 2018 Pays principal and interest to Lyon County State Bank Apr. 1, 2018 Pays principal and interest to First National Bank. Prepare entered. Do not indent manually. ournal entries for each of the transactions. (Credit account titiles are automatically indented when amount is 201i Round answers to 0 decimal places, e.g. S,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (Adjusting entry for First National Bank note-) 9 K

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