6.

i More Info 2017 Aug. 1 Purchased equipment costing $28,000 by issuing a one-year, 6% note payable. Dec. 31 Accrued interest on the note payable. 2018 Aug. 1 Paid the note payable plus interest at maturity. Print [ Done Print Done Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Aug. 1, 2017: Purchased equipment costing $28,000 by issuing a one-year, 6% note payable. Date Accounts and Explanation Debit Credit 2017 Aug. 1 Dec. 31, 2017: Accrued interest on the note payable. Date Accounts and Explanation Debit Credit 2017 Dec. 31 Aug. 1, 2018: Paid the note payable plus interest at maturity. Date Accounts and Explanation Debit Credit 2018 Aug. 1