Selected transactions of the Kessinger Co. are described below. Present dated journal entries for these transactions and adjusting entries at the end of each month from January 15, 1979, through July 1, 1979. Assume that only the notes indicated were outstanding during this period. The accounting period is 1 month.

(1) The company issued a \(\$ 2,000,2\)-month, 12 -percent promissory note on January 15 , 1979, in lieu of payment on an account due that date to the White Wholesale Company.

(2) The note in (1) and interest were paid at maturity.
(3) The company issued a \(\$ 4,000,3\)-month, 12-percent promissory note to the White Wholesale Company on the date of purchase of merchandise, April 1, 1979.
(4) The note in (3) and interest were paid at maturity.