Question: Current Attempt in Progress During 2 0 2 4 , Teal Co . borrowed cash from Martinez Company by issuing notes payable as follows: June

Current Attempt in Progress
During 2024, Teal Co. borrowed cash from Martinez Company by issuing notes payable as follows:
June 1,2024, issued an eight-month, 6% note for $82,800. Interest and principal are payable at maturity.
October 1,2024, issued a three-month, 6% note for $52,800. Interest is payable monthly on the first day of the month.
Principal is payable at maturity.
Teal has a November 30 fiscal year end and prepares adjusting entries on an annual basis.
(a)
prepare all necessary interest payment transaction for teal in 2024 and 2025
 Current Attempt in Progress During 2024, Teal Co. borrowed cash from

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