Oriole Enterprises had the following transactions involving notes payable $($amounts in thousands$).$

July $1,2020$

Nov. $1,2020$

Dec. $31,2020$

Feb. $1,2021$

Apr. $1,2021$

Borrows NT$$52,500$ from First Taiwan Bank by signing a $9-$month, $8\%$ note.

Borrows NT$$62,400$ Nantou City Bank by signing a $3-$month, $6\%$ note.

Prepares adjusting entries.

Pays principal and interest to Nantou City Bank.

Pays principal and interest to First Taiwan Bank.

Prepare journal entries for each of the transactions. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Titles and Explanation

Debit

Credit

d adjusting entry for First Taiwan Bank note.$)$