James Walker owns Walker Auto Sales. He periodically borrows money from New Orleans State Bank and Trust. He permits some customers to sign short-term notes for their purchases. He usually discounts these notes at the bank. Following are selected transactions that occurred in March 2019. DATE TRANSACTIONS 2019 Mar. 4 Mr. Walker borrows $10,000 from the bank on a note payable for the business. Terms of the note are 8 percent interest for 45 days. 11 A 90-day $9,000 note payable to the bank is discounted at a rate of 10 percent. 22 Sold a car to Damon Wilson for $15,000 on a 75-day note receivable, bearing interest at 10 percent. 23 Discounted the Wilson note with the bank. The bank charges a discount rate of 12 percent. 25 Sold a car for $15,000 to Derrick Wells. Wells paid $2,000 cash and signed a 30-day note, bearing interest at 10 percent, for the balance. 28 Terry Owens's account receivable is overdue. Sims requires him to sign a 12 percent, 30-day note for the balance of $5,500. Additional Data Walker pays all the companys notes payable on time. Damon Wilson defaults on his $15,000 note and the bank charges the companys checking account for the maturity value of the note and a service fee of $30. Derrick Wells pays his note on time. Terry Owens pays his note on time. Required: Record each of the March transactions in the general journal. Record the additional data related to these notes for months other than March. Analyze: What is the Notes Payable account balance on March 25?