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The following are selected transactions of Wildhorse Company. Wildhorse prepares financial statements quarterly. Jan....

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Accounting

The following are selected transactions of Wildhorse Company. Wildhorse prepares financial statements quarterly.
Jan. 2 Purchased merchandise on account from Nunez Company, $27,600, terms 310,n30.(Wildhorse uses the perpetual inventory system.)
Feb. 1 Issued a 9%,2-month, $27,600 note to Nunez in payment of account.
Mar. 31 Accrued interest for 2 months on Nunez note.
Apr. 1 Paid face value and interest on Nunez note.
July 1 Purchased equipment from Marson Equipment, paying $10,200 in cash and signing a 10%,3-month, $68,400 note.
Sept. 30 Accrued interest for 3 months on Marson note.
Oct. 1 Paid face value and interest on Marson note.
Dec. 1 Borrowed $27,600 from the Paola Bank by issuing a 3-month, 8% note with a face value of $27,600.
Dec. 31 Recognized interest expense for 1 month on Paola Bank note.
Post to the accounts notes payable,interest payable,interest expense.
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