Your answer is partially correct. C.S. Sunland Company had the following transactions involving notes payable. July 1, 2025 Nov. 1.2025 Dec. 31, 2025 Borrows $55.950 from First National Bank by signing a 9-month, 8% note. Borrows $59,000 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. Pays principal and interest to Lyon County State Bank. Feb. 1,2026 Apr. 1, 2026 Pays principal and interest to First National Bank. Prepare journal entries for each of the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation 2025 Cash Notes Payable mber 1, 20251 Cash Debit Credit 55950 55950 59000 Date Account Titles and Explanation Debit 2025 Cash Notes Payable mber 1, 2025 Cash Notes Payable mber 31, 2025 Interest Expense mber 31, 2025 Interest Payable (To record accrual of interest from First National Bank) Interest Expense ry 1, 2026 Interest Payable (To record accrual of interest from Lyon County State Bank) Notes Payable Interest Payable 55950 Credit 59000 55950 59000 ry 1, 2026 Bank) Notes Payable Interest Payable Interest Expense Cashi 2026 Notes Payable Interest Payable Interest Expense Cash 1 1 1 1 1 1 1 1