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6 C.S. Crane Company had the following transactions involving notes payable. July 1, 2022 Nov....

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Accounting

6 C.S. Crane Company had the following transactions involving notes payable. July 1, 2022 Nov. 1, 2022 Dec. 31, 2022 Feb. 1, 2023 Apr. 1, 2023 Borrows $71,000 from First National Bank by signing a 9-month, 8% note. Borrows $74,000 from Lyon County State Bank by signing a 3-month, 6% note. Prepares adjusting entries. Pays principal and interest to Lyon County State Bank. 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 problem.) Date Account Titles and Explanation Debit Credi SUB
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C.S. Crane Company had the following transactions involving notes payable. Prepare journal entries for each of the transactions. (Credit occount tities are outomatically indented when amoint is entered Do nat indent manualiy. Record joumal entries in the order presented in the problem. (To recond accrual of interest from First Naticnad Bank) To recond accival of ineerest from tyon County State Bank: In monet armual of inthepst from I von Countv State

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