Current Attempt in Progress Metlock's had the following transactions involving notes payable. July 1, 2024 Nov. 1, 2024 Dec. 31, 2024 Borrows $52,200 from First National Bank by signing a nine-month, 8% note. Borrows $62,400 from Interprovincial Bank by signing a three-month, 6% note. Prepares annual year-end adjusting entries. Pays principal and interest to Interprovincial Bank. Feb. 1, 2025 Apr. 1, 2025 Pays principal and interest to First National Bank. July 1, 2024 Cash Notes Payable Nov. 1, 2024 Cash Notes Payable Dec. 31, 2024 Interest Expense Interest Payable 52200 62400 52200 62400