Question 6 of 12 C.S. Sunland Company had the following transactions involving notes payable. July 1, 2025 Nov. 1, 2025 Dec. 31, 2025 Feb. 1, 2026 < > Apr. 1, 2026 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. Pays principal and interest to First National Bank. -13 E !!! 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) ***

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Question 6 of 12
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Question 6 of 12
Date
Account Titles and Explanation
(To record accrual of interest from First National Bank)
(To record accrual of interest from Lyon County State
A
(To record accrual of interest from Lyon County State
Bank)
Debit
-13 E 1
I
26″F
Cred
4+2
9:30 AM
1/17/2002
Transcribed Image Text:Question 6 of 12 Type here to search Question 6 of 12 Date Account Titles and Explanation (To record accrual of interest from First National Bank) (To record accrual of interest from Lyon County State A (To record accrual of interest from Lyon County State Bank) Debit -13 E 1 I 26″F Cred 4+2 9:30 AM 1/17/2002
Question 6 of 12
C.S. Sunland Company had the following transactions involving notes payable.
July 1, 2025
Nov. 1, 2025
Dec. 31, 2025
Feb. 1, 2026
Apr. 1, 2026
< >
Date
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.
Pays principal and interest to First National Bank.
-13
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.)
Account Titles and Explanation
Debit
E
⠀
Cred
Transcribed Image Text:Question 6 of 12 C.S. Sunland Company had the following transactions involving notes payable. July 1, 2025 Nov. 1, 2025 Dec. 31, 2025 Feb. 1, 2026 Apr. 1, 2026 < > Date 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. Pays principal and interest to First National Bank. -13 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.) Account Titles and Explanation Debit E ⠀ Cred
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