Question: Current Attempt in Progress Your answer is partially correct. Teal Mountain's had the following transactions involving notes payable. July 1 , 2 0 2 4

Current Attempt in Progress
Your answer is partially correct.
Teal Mountain's had the following transactions involving notes payable.
July 1,2024 Borrows $46,200 from First National Bank by signing a nine-month, 8% note.
Nov. 1,2024 Borrows $55,200 from Interprovincial Bank by signing a three-month, 6% note.
Dec. 31,2024 Prepares annual year-end adjusting entries.
Feb. 1,2025 Pays principal and interest to Interprovincial Bank.
Apr. 1,2025 Pays principal and interest to First National Bank.Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account
titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
Feb. 1,2025
Interest Expense
Interest Payable
Notes Payable
Cash
Interest Expense
Interest Payable
Cash
276
552
55200
56028
924
46200
 Current Attempt in Progress Your answer is partially correct. Teal Mountain's

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