Apr.	8	Issued a $5,800, 75-day, 8% note payable in payment of an account with Bennett Company.
May	15	Borrowed $37,000, 60-day, 9% note from Lincoln Bank.
Jun.	22	Paid Bennett Company the principal and interest due on the April 8 note payable.
Jul.	6	Purchased $13,000 of merchandise from Bolton Company; signed a note for 90-day, 10% interest.
Jul.	14	Paid the May 15 note due Lincoln Bank.
Oct.	2	Borrowed $25,000, 120-day, 12% note from Lincoln Bank.
Oct.	4	Defaulted on the note payable to Bolton Company.

Required a. Record these transactions in general journal form. b. Record any adjusting entries for interest in general journal form. Logan Company has a December 31 year-end.

Round answers to nearest dollar. Use 360 days for interest calculations.