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Demir Company had the following transactions involving notes payable. Nov. 1, 2022, borrows $200,000 from Is Bank by signing a 3-month, 6% note. Dec. 31,

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Demir Company had the following transactions involving notes payable. Nov. 1, 2022, borrows $200,000 from Is Bank by signing a 3-month, 6% note. Dec. 31, 2022, prepares the adjusting entry. Feb. 1, 2023, pays principal and interest to Is Bank. Prepare journal entry for Feb. 1, 2023, transactions

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