Buffalo SpA had the following transactions involving notes payable. July 1, 2017 Borrows 97,500 from Fourth National Bank by signing a 9-month, 8% note. Nov. 1, 2017 Borrows 39,600 from Livingston Bank by signing a 3-month, 7% note. Dec. 31, 2017 Prepares adjusting entries. Feb. 1, 2018 Pays principal and interest to Livingston Bank. Apr. 1, 2018 Pays principal and interest to Fourth National Bank. Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1, 2017 Cash 97,500 Notes Payable 97,500 Nov. 1, 2017 V Cash 39,600 Notes Payable 39,600 Dec. 31, 2017 Interest Expense 3900 3900 Interest Payable (Adjusting entry for Fourth National Bank note.) Dec 31, 2017 Interest Expense 462 462 Interest Payable (Adjusting entry for Livingstone State Bank Dec. 31, 2017 Interest Expense 3900 3900 Interest Payable (Adjusting entry for Fourth National Bank note.) 100 000 | Dec. 31, 2017 Interest Expense 462 462 Interest Payable (Adjusting entry for Livingstone State Bank note.) Feb. 1, 2018 Notes Payable 39,600 Interest Payable 462 Interest Expense 594 X Cash 40656 Apr. 1, 2018 Notes Payable 97,500 Interest Payable 3900 [Interest Expense 1950 Cash 103350