Apr. 1, 2023 Purchased equipment costing $18,000 by issuing a one-year, 9% note payable. Dec. 31 , 2023 Accrued interest on the note payable . Apr. 1, 2024 Paid the note payable plus interest at maturity .(Transactions from the top icon)^

Consider the following note payable transactions of Cooper Video Productions i (Click the icon to view the transactions.) Journalize the transactions for the company (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Apr. 1, 2023: Purchased equipment costing $18,000 by issuing a one-year, 9% note payable. Date Accounts and Explanation Debit Credit 2023 Apr. 1 Equipment 18,000 Notes Payable 18,000 Purchased equipment in exchange for one-year, 9% note Dec. 31, 2023: Accrued interest on the note payable. Date Accounts and Explanation Debit Credit 2023 Dec. 31 Interest Expense Interest Payable O Accrued interest expense at year-end Help me solve this Etext