The January $1,$ Year $1$ trial balance for the Walker Company is found on the trial balance tab. The beginning balances are assumed.

Walker Company entered into the following transactions involving short$-$term liabilities.

Note: Use $360$ days a year.

Year $1$

April $20$ Purchased $$43,250$ of merchandise on credit from Allen, terms n$/30.$

May $19$ Replaced the April $20$ account payable to Allen with a $90-$day, $6\%,$ $$37,000$ note payable along with paying $$6,250$ in cash.

July $8$ Borrowed $$99,000$ cash from AKR Bank by signing a $120-$day, $9\%,$ $$99,000$ note payable.

August $17$ Paid the amount due on the note to Allen at the maturity date.

November $5$ Paid the amount due on the note to AKR Bank at the maturity date.

November $28$ Borrowed $$60,000$ cash from Fargo Bank by signing a $60-$day, $6\%,$ $$60,000$ note payable.

December $31$ Recorded an adjusting entry for accrued interest on the note to Fargo Bank.