Padillio Company had the following transactions involving notes payable. Prepare journal entries for each of the transactions

Padillio Company had the following transactions involving notes payable. July 1, 2014 Nov. 1, 2014 Dec. 31, 2014 Feb. 1, 2015 Apr. 1, 2015 Borrows $60,000 from Fourth National Bank by signing a 9-month, 8% note. Borrows $50,000 from Livingston State Bank by signing a 3-month, 9% note. Prepares adjusting entries. Pays principal and interest to Livingston State Bank. Pays principal and interest to Fourth National Bank. Prepare journal entries for each of the transactions. (Round answers to O decimal places, e.g. 125. Credit account titles are Account Title and Explanation July 1, 2014 Nov. 1, 2014 Dec. 31, 2014 (Adjusting entry for Fourth National Bank note.) Dec. 31, 2014 (Adjusting entry for Livingstone State Bank note.) Feb. 1, 2015 Apr. 1, 2015 Debit credit