Blossom Company had the following transactions involving notes payable.

July 1, 2020		Borrows $61,000 from First National Bank by signing a 9-month, 8% note.
Nov. 1, 2020		Borrows $73,200 from Lyon County State Bank by signing a 3-month, 6% note.
Dec. 31, 2020		Prepares adjusting entries.
Feb. 1, 2021		Pays principal and interest to Lyon County State Bank.
Apr. 1, 2021		Pays principal and interest to First National Bank.

Unit Cost or Selling Price Description Quantity 140 196 154 14 Date January1 Beginning inventory January 5 Purchase January 8 Sale January 10 Sale return January 15 Purchase January 16 Purchase return January 20 Sale January 25 Purchase $15 18 28 28 20 20 32 7 126 28 Unit Cost or Selling Price Description Quantity 140 196 154 14 Date January1 Beginning inventory January 5 Purchase January 8 Sale January 10 Sale return January 15 Purchase January 16 Purchase return January 20 Sale January 25 Purchase $15 18 28 28 20 20 32 7 126 28