Bramble Development Company had the following transactions involving notes payable.

Nov. 1, 2020

Dec. 31, 2020

Feb. 1. 2021

Borrows $153,600 from Merchants and Marine Bank by signing a 3-month, 11% note.

Prepares the adjusting entry.

Pays principal and interest to Merchants and Marine Bank.

Prepare journal entries for each of the transactions. (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 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)