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Mar. $1,2024$

Dec. $1,2024$

Dec. $31,2024$ Recorded interest accrued on the Nelson Bank note

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[2024,,,],[$Dec$.31,\backslash$table$[[$Interest Expense$],[$Interest Payable$]],52,500,52,500]]$

Jan $1,2025$ Paid Sammon Bank monthly mortgage payment.

Borrowed $$450,000$ from Nelson Bank. The $15-$year, $14\%$ note requires payments due annually, on March $1.$ Each payment consists of $$30,000$ principal plus one year's interest. Mortgaged the warehouse for $$550,000$ cash with Sammon Bank. The mortgage requires monthly payments of $$7,000.$ The interest rate on the note is $10\%$ and accrues monthly. The first payment is due on January $1,2025$

Recorded interest accrued on the Sammon Bank note.

Recorded interest accrued on the Nelson Bank note

Paid Sammon Bank monthly mortgage payment.

Paid Sammon Bank monthly mortgage payment

Paid Sammon Bank monthly mortgage payment.

Paid first installment on note due to Nelson Bank

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Dec. $31,2024$

Dec. $31,2024$

Jan. $1,2025$

Feb. $1,2025$

Mar. $1,2025$

Mar. $1,2025$