Larkspur, Inc. had the following transactions involving notes payable.

July $1,2022$

Nov. $1,2022$

Dec. $31,2022$

Feb. $1,2023$

Apr. $1,2023$

Borrows $$54,000$ from First National Bank by signing a $9-$month, $8\%$ note.

Borrows $$64,800$ from Lyon County State Bank by signing a $3-$month, $6\%$ note.

Prepares annual adjusting entries.

Pays principal and interest to Lyon County State Bank:

Pays principal and interest to First National Bank:

Prepare journal entries for each of the transactions. $($Credit accourt titles cre cutomatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the anounts.$)$

Date

Account Titles and Explanation

Debit