Current Attempt in Progress

C$.$S$.$ Crane Company had these transactions involving notes payable.

July $1,2022$ Borrows $$52,000$ from First National Bank by signing a $9-$month, $8\%$ note.

Nov. $1,2022$ Borrows $$60,000$ 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 presented in the pr

$$ Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$($Adjusting entry for First National Bank note.$)$