Exercise 10-1 Your answer is partially correct. Try again C.S. Lewis Company had the following transactions involving notes payable July 1, 2015 Borrows $52,500 from First National Bank by signing a 9-month, 8 % note. Borrows $64,200 from Lyon County State Bank by signing a 3-month, 6% note. Nov. 1, 2015 Dec. 31, 2015 Prepares adjusting entries. Feb. 1, 2016 Pays principal and interest to Lyon County State Bank. Apr. 1, 2016 Pays principal and interest to First National Bank Prepare journal entries for each of the transactions. (Credit account titles are auto when amount is entered. Do not indent manually.) Account Titles and Explanation Date Debit Credit 52500 July 1, 2015 Cash Notes Payable 52500 Nov. 1, 2015 ICash 64200 Notes Payable 64200 Dec. 31, 2015Tinterest Expense 2100 Interest Payable 2100 (Adjusting entry for First National Bank note.) Dec. 31, 2015TInterest Expense 642 642 Interest Payable (Adjusting entry for Lyon County State Bank note.) Feb. 1, 2016 Notes Payable 64200 Interest Expense 642 Interest Payable 321 Cash 65163 Apr. 1, 2016 INotes Payable 52500 TInterest Expense 2100 Interest Payable 1050 Cash 55650