2. Daymon corporation, whose fiscal year ended June 30,2010 , completed the following transactions involving notes payable: a. May 21 Obtained a 60 -day extension on an $18,000 trade account payable owed to a supplier by signing a 60 -day, $18,000 note. Interest is in addition to face value at a rate of 14%. b. June 30 Made the end-of-year adjusting entry to accrue interest expense. c. July 20 Paid off the note plus interest due the supplier. Required: Prepare journal entries for the notes payable transactions. Leave a blank line between each entry and omit the description. You must show how you arrive at the amounts in the journal entries to receive full points. General Journal Page \# 1