Prepare all necessary interest payment transactions for Martinez in 2024 and 2025, prepare separate adjusting entries for each note.

During 2024, Martinez Co, borrowed cash from Sage Hill Compary by issuing notes payable as follows: 1. June 1, 2024, issued an eight-month, 3% note for $85,200. Interest and principal are payable at maturity. 2. October 1, 2024, issued a three-month, 6% note for $30,000, Interest is payable monthly on the first day of the month. Principal is payable at maturity. Martinez has a November 30 fiscal year end and prepares adjusting entries on an annual basis. Prepare all necessary interest payment transactions for Martinez in 2024 and 2025. Prepare separate adjusting entries for each note. (Credit account titles are cutomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No