At January $1,2024,$ Metlock Merchants had a balance in the Interest Payable account for several notes it had signed and given to suppliers in exchange for outstanding accounts payable. The following table contains the details of the notes payable and the balance of the interest accrued on each note as at the end of the last fiscal year, December $31,2023.$

Supplier

Note

Principal

Interest

Rate

Issue Date

Term

Interest

Accrued

$1$

Tessier Inc.

$$4,500$

$5\%$

Nov. $1,2023$

$3$ months

$$37\mathrm{.}50$

$2$

Wolde Inc.

$6,600$

$4\mathrm{.}5\%$

Nov. $30,2023$

$5$ months

$24\mathrm{.}75$

$3$

Deng Inc.

$10,200$

$6\%$

Dec. $1,2023$

$1$ year

$51\mathrm{.}00$

Total

$$113\mathrm{.}25$

All notes require that the interest be paid at the maturity of the note. All notes and interest were paid on time. Metlock prepares adjusting entries at the end of its calendar fiscal year.

Additional transactions of $2024$ were:

Mar. $1$

Oct. $30$

Nov.

$30$

maturity.

Signed a $$10,800,$ one$-$year, $5\%$ note to Lalonde Ltd$.$ in settlement of an accounts payable. Interest is due at maturity.

Signed a $$4,500,$ three$-$month, $4\mathrm{.}5\%$ note to Hanover Ltd$.$ in settlement of an accounts payable. Interest is due at

Borrowed from RBC $$10,500$ cash in exchange for a two$-$year, $6\%$ note with interest due at maturity.$-$

Prepare all journal entries for Metlock Merchants for the above transactions and to record the on$-$time repayment of the notes payable that were outstanding as at December $31,2023.($Round answers to $2$ decimal places, e$.$g$.52\mathrm{.}76.$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$