Consider the following note payable transactions of Crandell Video Productions. 2011 Mar 1 Purchased equipment costing ($16,000)

Question:

Consider the following note payable transactions of Crandell Video Productions.
2011
Mar 1 Purchased equipment costing $$16,000$ by issuing a one-year, 9% note payable.
Dec 31 Accrued interest on the note payable.
2012
Mar 1 Paid the note payable at maturity.
Requirement
1. Journalize the transactions for the company.

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