Pharoah Company had the following transactions involving notes payable.

July $1,2022$

Borrows $$62,500$ from First National Bank by signing a $9-$month, $8\%$ note.

Nov. $1,2022$

Borrow$5$ $$75,000$ from Lyon County State Bank by signing a $3-$month, $6\%$ note.

Dec. $31,2022$

Prepares annual adjusting entries.

Feb. $1,2023$

Pays principal and interest to Lyon County State Bank.

Apr. $1,2023$

Pays principal and interest to First National Bank.

Prepare journal entries for each of the transactions. $($Credit account titles are outomatically indented when anount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter ofor the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit