How do I handle multiple loans from the same lender when one loan amount is paid off by rolling the balance into a new one?

For Example, a loan is taken out on 1/1/24 for $XXXX, a liability account is created, and payments are recorded as they are made. Then on 4/1/24 the remaining balance of that loan is rolled into a new one from the same lender. Can I continue with the same liability account by recording the new funds in it and continuing to record payments? Or should I create a journal entry to show the loan from 1/1/24 as being paid off and then start a new liability account for the one on 4/1/24?