Question: explain please E10.1 (LO 1) Ang Hsu Enterprises had the following transactions involving notes payable amounts thousands). July 1, 2020 Borrows NT$50,000 from First Taiwan

explain please

E10.1 (LO 1) Ang Hsu Enterprises had the following transactions involving notes payable amounts thousands). July 1, 2020 Borrows NT$50,000 from First Taiwan Bank by signing a 9-month, 8% note. Nov. 1, 2020 Borrows NT$60,000 from Nantou City Bank by signing a 3-month, 6% note. Dec. 31, 2020 Prepares adjusting entries. Feb. 1, 2021 Pays principal and interest to Nantou City Bank. Apr. 1, 2021 Pays principal and interest to First Taiwan Bank Instructions Prepare journal entries for each of the transactions

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