During $2024,$ Kingbird Ca borrowed cash from Blossom Company by issuing notes payable as follow:

June $1,2024,$ issued an eight$-$month, $3\%$ note for $$64,800.$ Interest and principal are payable at maturity.

Kingbird has a November $30$ fiscal year end and prepares adjusting entries on an annual basis.

$($a$)$

Your answer is correct.

Prepare all necessary journal entries for Kingbird to record the notes. $($Credit account titles are automotically indented when amount is enered. Do not indent monually if no entry is required. select $"$No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries boffore oredit entries$)$

Date

Account Titles and Explanation

Cash

Nores PawablyPrepare all necessary interest payment transactions for Kingbird in $2024$ and $2025.$ Prepare separate adjusting entries for each note, $($Coedit account tales are autamatically indented when amount is entered. Do not indent manuolly. If no entry is required, select $"$No Enty" for the account tiles and enter Ofor the anounts. Last all debit entries before credit entries$)$

$\backslash$table$[[$Date$]]$

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

$($Paid interest ppense on note issued Oct. $1,2024)$

$$

$$

$$

$$

$$

$$

$$

$($To accrue interest on note lasued June $1,2024)$

$$

$$

$$

$$

$$

$$

$($To accrue inferest on note issued Oct. $1,2024)$

$$

$$

$$

$$

$$

$$

$($Pay interest owed on note insued Oct. $1,2024)$

$$

$$

$$

$$

$$

$$

$$

$$

$($Pay principal and interest on note issued Oct. $1\mathrm{.}2024.)$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$($Pay principal and interest on note issued June $1,2024)$