During $2024,$ Sarasota Co$.$ borrowed cash from Blossom Company by issuing notes payable as follows:

October $1,2024,$ issued a three$-$month, $6\%$ note for $$48,000.$ Interest is payable monthly on the first day of the month. Principle is payable at maturity.

Sarasota has a November $30$ fiscal year end and prepares adjusting entries on an annual basis.

Prepare all the necessary journal entries for Sarasota to record the notes.