Selected transactions of the Lizard Lick Corporation during 2013 are as follows:

Jan. 5 Purchased merchandise from Boston Company for $30,000; terms, 2/10, n/30. Purchases and accounts payable are recorded by Lizard Lick using the net price method.

26 Paid the January 5 invoice.

Mar. 31 Purchased a van for $19,950 from Hill Sales Company, paying $9,950 in cash and issuing a 12%, 1-year note for the balance of the purchase price.

May 1 Borrowed money from Mebane National Bank by discounting its own 1-year, non-interest-bearing note made out for the maturity value of $50,000 at an interest rate of 12%.

Nov. 2 Received $500 from Carr Mill Playhouse as a deposit to be refunded after certain rental furniture to be used in a play is returned on January 7, 2014.

5 Made sales on credit to Jones Company for $15,000 sales taxes of 6½% were added to the $15,000 price (ignore cost of goods sold).

6 Purchased another van at a cost of $18,000 from a company located in a state that does not levy a sales tax. The entire purchase price was paid in cash. Lizard Lick is located in a state that assesses a use tax of 6½% on non-salable equipment bought outside its sales tax authority. The van and the liability for the use tax are to be recorded.

Dec. 1 Estimated property taxes for the year December 1, 2013, to November 30, 2014, are $36,000 (ignore previous property taxes). The corporation follows the practice of recording its property tax by a monthly accrual starting one month following the lien date. The tax becomes a lien on December 1 and is payable in two installments on May 1 and October 1.

31 Estimated quarterly income taxes for the last quarter of the year are $150,000.

Required:

Prepare journal entries to record the preceding transactions for 2013. Include year-end interest accruals.