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

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

Note: Use $360$ days a year.

Year $1$

April $20$ Purchased $$44,250$ of merchandise on credit from Wright, terms n$/30.$

May $19$ Replaced the April $20$ account payable to Wright with a $90-$day, $12\%,$ $$39,000$ note payable along with paying $$5,250$ in cash.

July $8$ Borrowed $$105,000$ cash from CDR Bank by signing a $120-$day, $6\%,$ $$105,000$ note payable.

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

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

November $28$ Borrowed $$66,000$ cash from Rochester Bank by signing a $60-$day, $10\%,$ $$66,000$ note payable.

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

Enter the principal amount, interest rate, and number of days of interest to be recorded for each note. Verify that interest expense agrees with your journal entries and the trial balance.