Current Attempt in Progress

At January $1,2024,$ Shamrock Merchants had a balance in the Interest Payable account for several notes it had sig

and given to suppliers in exchange for outstanding accounts payable. The following table contains the details of th

notes payable and the balance of the interest accrued on each note as at the end of the last fiscal year, December $3$

All notes require that the interest be paid at the maturity of the note. All notes and interest were paid on time.

Shamrock prepares adjusting entries at the end of its calendar fiscal year.

Additional transactions of $2024$ were:

Mar. $1$

Signed a $$11,400,$ one$-$year, $6\%$ note to Lalonde Ltd$.$ in settlement of an accounts payable. Interest is

due at maturity.

Oct. Signed a $$5,100,$ three$-$month, $4\mathrm{.}5\%$ note to Hanover Ltd$.$ in settlement of an accounts payable. Intere

$30$ is due at maturity.

Nov.

$30$

Borrowed from RBC $$11,100$ cash in exchange for a two$-$year, $7\%$ note with interest due atmaturitv