Question: During 2 0 2 4 , Sarasota Co . borrowed cash from Blossom Company by issuing notes payable as follows: October 1 , 2 0

During 2024, Sarasota Co. borrowed cash from Blossom Company by issuing notes payable as follows:
October 1,2024, issued a three-month, 6% note for $48,000. Interest is payable monthly on the first day of the month. Principle is payable at maturity.
Sarasota has a November 30 fiscal year end and prepares adjusting entries on an annual basis.
Prepare all the necessary journal entries for Sarasota to record the notes.

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