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C.S. Carla Vista Company had the following transactions involving notes payable. July 1, 2022 Borrows $92,000...

C.S. Carla Vista Company had the following transactions involving notes payable.

July 1, 2022 Borrows $92,000 from First National Bank by signing a 9-month, 8% note.
Nov. 1, 2022 Borrows $95,000 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.
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Answer #1

92000 1. July 2 Cash 92000 Notes payable 1. Nov 22 Cash 95000 asovo Notes payable (92000x8%26/12) Claude = 3680) 31 Dec 3680

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