Q2/3:

Teal Mountain's had the following transactions involving notes payable. July 1, 2024 Borrows $58,200 from First National Bank by signing a nine-month, 8% note. Nov. 1, 2024 Borrows $69,600 from Interprovincial Bank by signing a three-month, 6\% note. Dec. 31, 2024 Prepares annual year-end adjusting entries. Feb. 1, 2025 Pays principal and interest to Interprovincial Bank. Apr. 1, 2025 Pays principal and interest to First National Bank. Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles July 1, 2024 Nov. 1, 2024 Dec. 31, 2024 Feb. 1, 2025 Apr. 1, 2025 Debit Credit Credit