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

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

Note: Use $360$ days a year.April $20$ Purchased $$48,750$ of merchandise on credit from Perry, terms n$/30.$

May $19$ Replaced the April $20$ account payable to Perry with a $90-$day, $12\%,$ $$36,000$ note payable along with paying $$12,750$ incash.

July $8$ Borrowed $$96,00$ cash from NYR Bank by signing a $12-$day, $6\%,$ $$96,00$ note payable.

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

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

November $28$ Borrowed $$54,,$ cash from Austin Bank by signing a $6-$day,$10\%,$ $$54,,$ note payable.

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

Year $2$

January $27$ Paid the amount due on the note to Austin Bank at the maturity date.

Prepare the January $27,$ Year $2$ journal entry to record the payment of the Austin note at maturity. Sanchez Company does

NOT prepare reversing entries.