Question: During 2 0 2 4 , Oriole Co . borrowed cash from Blue 5 pruce Company by issuing notes payable as follows; 1 . June

During 2024, Oriole Co. borrowed cash from Blue 5pruce Company by issuing notes payable as follows;
1.
June 12024, issued an eight-month, 3% note for $ 63,600. Interest and principal are payable at maturity,
2.
Ooctober 1,2024, issued a three-month, 4% note for $33,600. Interest is payable monthly on the frst day of the month.
Principal is payable at maturity,
Oriole has a November 30 fiscal year end and prepares adjusting entries on an annual basis.
Prepare all necessary interest payment transactions for Oriole in 2024 and 2025. Prepare separate adjusting entries for each
note. (Credit account ites ore outomoticalhy indented when omount is entered. Do not indent monualhy. |f no entry is required, select
"No Entry" for the account btles and enter 0 for the dmounts. List all debit entries before credit entries.,)

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