Question: View Policies Current Attempt in Progress C.S. Crane Company had the following transactions involving notes payable. July 1, 2022 Borrows $104,000 from First National

View Policies Current Attempt in Progress C.S. Crane Company had the following transactions involving notes payable. July 1, 2022 Borrows $104,000 from First National Bank by signing a 9-month, 8% note. Nov. 1, 2022 Dec. 31, 2022 Borrows $107,000 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, 2023 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 entere Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Question 3 of 3 (To record accrual of interest from First National Bank) (To record accrual of interest from Lyon County State Bank) -/10 E
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