The following information pertains to Geo Ltd$.$ In $2020$ the company entered into new borrowings using short$-$term notes payable. On June $30,$ they borrowed $$10,500$ that they planned to use to purchase new office equipment, the interest rate on the note was $8\%$ with both interest and principal repayable in $6$ months $($December ${31}^{st}.$ On October $1^{st},$ the company financed the purchase of a used vehicle costing $$52,000$ using a $12$ month note payable at $10\%$ with interest payments due quarterly and the principal amount due at maturity. The company's year end is December ${31}^{st}.$

Record the journal entries for the issuance of both notes and any interest entries that need to be made up to and including December $31,2020.$ Assume that no interst expense was accrued during the year. $($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.$)$

Date

Account Titles and Explanation

Debit

Credit

June $30$

October $1$