C$.$S$.$ Concord Company had these transactions involving notes payable.

July $1,2022$

Borrows $$54,500$ from First National Bank by signing a $9-$month, $8\%$ note.

Nov. $1,2022$

Borrows $$60,600$ from Lyon County State Bank by signing a $3-$month, $6\%$ note.

Dec. $31,2022,$ Prepares adjusting entries.

Feb. $1,2023,$ Pays principal and interest to Lyon County State Bank.

Apr. $1,2023$

Pays principal and interest to First National Bank.