Mathematics, 15.10.2021 02:30 nick607

C. s. Vaughn company had the following transactions involving notes payable July 1 2020 borrows $50,000 from first national bank by signing 9 month 8% note

Nov 1 2020 borrows $61,800 from Lyons county state bank by signing 3 month 6% note

Dec 31 2021 prepares adjusting entries

Feb 1 pays principle and interest to Lyons county state bank

April 1 2021 pays principle and Interest to first national bank

Prepare journal entries for each transaction

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