P10-28 MileHi Mountain Bikes markets mountain-bike tours to clients vacationing in various locations in the mountains of British Columbia. The current liabilities section of the October 31, 2013, balance sheet included notes payable of $15,000 and interest payable of $375 related to a six-month, 6% note payable to Eifert Company on December 1, 2013. During the year ended October 31, 2014, MileHi had the following transactions related to notes payable: 2013 Dec. 1 Paid the $15,000 Eifert note, plus interest. 2014 Apr. 1 Issued a $75,000, nine-month, 7% note to Mountain Real Estate for the purchase of additional mountain property on which to build bike trails. Interest is payable quarterly on July 1, October 1, and at maturity on January 1, 2015. 30 .Purchased Mongoose bikes to use as rentals for $8,000, terms n/30. May 31 Issued Mongoose an $8,000, three-month, 8% note payable in settlement of its account (see April 30 transaction). Interest is payable at maturity. July 1 Paid interest on the Mountain Real Estate note (see April 1 transaction). Aug. 31 Paid the Mongoose note, plus interest (see May 31 transaction). Oct. J Paid interest on the Mountain Real Estate note (see April 1 transaction). Borrowed $90,000 cash from Western Bank by issuing a five-year, 6% note. Interest is payable monthly on the first of the month. Principal payments of $18,000 must be made on the anniversary of the note each year. Instructions (a) Record the transactions and any adjustments required at October 31, 2014