Record the following note payable transactions of Cranmore Corp. in the company’s journal. Round intermediate interest calculations to the nearest cent and final amounts to the nearest dollar. Explanations are not required.

2018

Apr 1 Purchased equipment costing $22,000 by issuing a one-year, 9% note payable.

Dec 31 Accrued interest on the note payable.

2019

Apr 1 Paid the note payable at maturity.