4) Helix Co. entered into the following transactions involving short-term notes payable. Dec. 1, 2017 Purchase equipment for $70,000, pay $10,000 and sign a note for the balance 3 months and bearing 6% interest rate. Dec. 31, 2017 Prepare necessary adjusting entry. Feb. 28, 2018 Pay the note. Required: Prepare journal entries for all the preceding transactions and events. (25%)