At January 1, 2021, Han Merchants had a balance in the Interest Payable account for several notes it had signed and given to suppliers in exchange for outstanding accounts payable The following table contains the details of the notes payable and the balance of the interest accrued on each note as at the end of the last fiscal year, December 31, 2020 Supplier Note Principal Interest Rate Issue Date Term Interest Accrued 1 Tessier Inc $ 5,100 6 Nov 1, 2020 3 months $ 51 00 2 Wolde Inc 6,600 4 5 Nov 30, 2020 5 months 24 75 3 Deng Inc 9,900 7 Dec 1, 2020 1 year 57 75 Total $ 133 50 All notes require that the interest be paid at the maturity of the note All notes and interest were paid on time Han prepares adjusting entries at the end of its calendar fiscal year Additional transactions of 2021 Mar 1 Signed a $ 11,400, one year, 6 note to Lalonde Ltd in settlement of an accounts payable Interest is due at maturity Oct 30 Signed a $ 5,100, three month, 4 5 note to Hanover Ltd in settlement of an accounts payable Interest is due at maturity Nov 30 Borrowed from RBC $ 11,100 cash in exchange for a two year 7 note with interest due at maturity Prepare all journal entries for Han Merchants for the above transactions and to record the on time repayment of the notes payable that were outstanding as at December 31, 2020 (Round answers to 2 decimal places, e g 52 76 Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts Record journal entries in the order presented in the problem ) Date Account Titles and Explanation Debit Credit 2021 Feb 1 Notes Payable DengNotes Payable LalondeInterest PayableUnearned RevenueNotes Payable WoldeAccounts PayableNotes Payable RBCInterest ExpenseNotes Payable HanoverNotes Payable TessierNo EntryWarranty ExpenseCash Warranty ExpenseAccounts PayableNotes Payable WoldeNotes Payable DengCashNo EntryNotes Payable RBCNotes Payable HanoverInterest PayableNotes Payable LalondeNotes Payable TessierInterest ExpenseUnearned Revenue Notes Payable DengNo EntryUnearned RevenueNotes Payable HanoverNotes Payable RBCCashNotes Payable WoldeInterest PayableAccounts PayableWarranty ExpenseNotes Payable TessierInterest ExpenseNotes Payable Lalonde Notes Payable DengNo EntryInterest PayableNotes Payable LalondeNotes Payable HanoverNotes Payable TessierInterest ExpenseWarranty ExpenseAccounts PayableNotes Payable WoldeUnearned RevenueNotes Payable RBCCash Feb 1Mar 1Apr 30Oct 30Nov 30Dec 1Dec 31 Notes Payable WoldeNotes Payable DengNotes Payable TessierNotes Payable HanoverCashWarranty ExpenseUnearned RevenueInterest ExpenseNotes Payable LalondeNo EntryInterest PayableNotes Payable RBCAccounts Payable Notes Payable DengNotes Payable WoldeNotes Payable TessierNotes Payable HanoverWarranty ExpenseNotes Payable RBCInterest PayableNo EntryInterest ExpenseUnearned RevenueNotes Payable LalondeAccounts PayableCash Apr 30 Notes Payable LalondeNotes Payable WoldeNotes Payable DengUnearned RevenueCashWarranty ExpenseAccounts PayableNotes Payable TessierNo EntryNotes Payable RBCInterest ExpenseInterest PayableNotes Payable Hanover CashInterest ExpenseUnearned RevenueNotes Payable HanoverNotes Payable LalondeNo EntryNotes Payable RBCNotes Payable WoldeNotes Payable TessierInterest PayableAccounts PayableWarranty ExpenseNotes Payable Deng Notes Payable TessierNotes Payable LalondeCashNotes Payable HanoverInterest PayableNotes Payable WoldeNo EntryNotes Payable RBCUnearned RevenueAccounts PayableNotes Payable DengInterest ExpenseWarranty Expense CashNotes Payable HanoverWarranty ExpenseNotes Payable DengNo EntryNotes Payable RBCInterest PayableNotes Payable WoldeNotes Payable TessierNotes Payable LalondeUnearned RevenueInterest ExpenseAccounts Payable Feb 1Mar 1Apr 30Oct 30Nov 30Dec 1Dec 31 Interest ExpenseNo EntryAccounts PayableNotes Payable HanoverUnearned RevenueNotes Payable DengWarranty ExpenseInterest PayableCashNotes Payable WoldeNotes Payable LalondeNotes Payable RBCNotes Payable Tessier Notes Payable LalondeWarranty ExpenseNo EntryNotes Payable TessierInterest ExpenseAccounts PayableUnearned RevenueInterest PayableNotes Payable DengNotes Payable RBCNotes Payable HanoverCashNotes Payable Wolde Feb 1Mar 1Apr 30Oct 30Nov 30Dec 1Dec 31 Notes Payable HanoverInterest PayableCashNotes Payable TessierNotes Payable RBCNo EntryUnearned RevenueNotes Payable LalondeAccounts PayableInterest ExpenseWarranty ExpenseNotes Payable WoldeNotes Payable Deng Unearned RevenueNotes Payable HanoverNotes Payable WoldeNotes Payable RBCInterest ExpenseCashAccounts PayableInterest PayableWarranty ExpenseNotes Payable DengNotes Payable LalondeNotes Payable TessierNo Entry Dec 1 Notes Payable LalondeCashNotes Payable HanoverWarranty ExpenseUnearned RevenueInterest ExpenseNotes Payable RBCNo EntryNotes Payable DengNotes Payable TessierNotes Payable WoldeInterest PayableAccounts Payable Notes Payable WoldeInterest PayableNo EntryNotes Payable DengInterest ExpenseNotes Payable HanoverNotes Payable TessierUnearned RevenueWarranty ExpenseCashAccounts PayableNotes Payable LalondeNotes Payable RBC Notes Payable WoldeInterest PayableNotes Payable DengNotes Payable LalondeNo EntryNotes Payable TessierNotes Payable RBCNotes Payable HanoverWarranty ExpenseUnearned RevenueInterest ExpenseCashAccounts Payable Accounts PayableUnearned RevenueNotes Payable TessierCashNo EntryNotes Payable WoldeNotes Payable LalondeInterest PayableWarranty ExpenseNotes Payable HanoverNotes Payable RBCNotes Payable DengInterest Expense eTextbook and Media List of Accounts Prepare any adjusting entry required on December 31, 2021 (Round answers to 2 decimal places, e g 52 76 Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Date Account Titles and Explanation Debit Credit Dec 31 CashNotes Payable RBCNo EntryNotes Payable TessierInterest PayableNotes Payable DengWarranty ExpenseUnearned RevenueInterest ExpenseNotes Payable LalondeNotes Payable WoldeAccounts PayableNotes Payable Hanover Interest ExpenseNotes Payable LalondeNotes Payable WoldeNo EntryNotes Payable DengNotes Payable RBCInterest PayableNotes Payable HanoverUnearned RevenueNotes Payable TessierWarranty ExpenseCashAccounts Payable eTextbook and Media List of Accounts What amount will appear under interest expense for Hans income statement for the year ended December 31, 2021 Where will this amount be classified on the income statement (Round answer to 2 decimal places, e g 52 76 ) Income Statement Classification Amount Interest expense Operating ExpensesRevenuesOther Expenses $ r

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At January 1, 2021, Han Merchants had a balance in the Interest Payable account for several notes it had signed and given to suppliers in

At January 1, 2021, Han Merchants had a balance in the Interest Payable account for several notes it had signed and given to suppliers in exchange for outstanding accounts payable. The following table contains the details of the notes payable and the balance of the interest accrued on each note as at the end of the last fiscal year, December 31, 2020.

	Supplier	Note Principal	Interest Rate	Issue Date	Term	Interest Accrued
1	Tessier Inc.	$ 5,100	6%	Nov. 1, 2020	3 months	$ 51.00
2	Wolde Inc.	6,600	4.5%	Nov. 30, 2020	5 months	24.75
3	Deng Inc.	9,900	7%	Dec. 1, 2020	1 year	57.75
				Total		$ 133.50

All notes require that the interest be paid at the maturity of the note. All notes and interest were paid on time. Han prepares adjusting entries at the end of its calendar fiscal year. Additional transactions of 2021:

Mar. 1		Signed a $ 11,400, one-year, 6% note to Lalonde Ltd. in settlement of an accounts payable. Interest is due at maturity.
Oct. 30		Signed a $ 5,100, three-month, 4.5% note to Hanover Ltd. in settlement of an accounts payable. Interest is due at maturity.
Nov. 30		Borrowed from RBC $ 11,100 cash in exchange for a two-year 7% note with interest due at maturity.

Prepare all journal entries for Han Merchants for the above transactions and to record the on-time repayment of the notes payable that were outstanding as at December 31, 2020. (Round answers to 2 decimal places, e.g. 52.76. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
2021
Feb. 1	Notes Payable - DengNotes Payable - LalondeInterest PayableUnearned RevenueNotes Payable - WoldeAccounts PayableNotes Payable - RBCInterest ExpenseNotes Payable - HanoverNotes Payable - TessierNo EntryWarranty ExpenseCash
	Warranty ExpenseAccounts PayableNotes Payable - WoldeNotes Payable - DengCashNo EntryNotes Payable - RBCNotes Payable - HanoverInterest PayableNotes Payable - LalondeNotes Payable - TessierInterest ExpenseUnearned Revenue
	Notes Payable - DengNo EntryUnearned RevenueNotes Payable - HanoverNotes Payable - RBCCashNotes Payable - WoldeInterest PayableAccounts PayableWarranty ExpenseNotes Payable - TessierInterest ExpenseNotes Payable - Lalonde
	Notes Payable - DengNo EntryInterest PayableNotes Payable - LalondeNotes Payable - HanoverNotes Payable - TessierInterest ExpenseWarranty ExpenseAccounts PayableNotes Payable - WoldeUnearned RevenueNotes Payable - RBCCash
Feb. 1Mar. 1Apr. 30Oct. 30Nov. 30Dec. 1Dec. 31	Notes Payable - WoldeNotes Payable - DengNotes Payable - TessierNotes Payable - HanoverCashWarranty ExpenseUnearned RevenueInterest ExpenseNotes Payable - LalondeNo EntryInterest PayableNotes Payable - RBCAccounts Payable
	Notes Payable - DengNotes Payable - WoldeNotes Payable - TessierNotes Payable - HanoverWarranty ExpenseNotes Payable - RBCInterest PayableNo EntryInterest ExpenseUnearned RevenueNotes Payable - LalondeAccounts PayableCash
Apr. 30	Notes Payable - LalondeNotes Payable - WoldeNotes Payable - DengUnearned RevenueCashWarranty ExpenseAccounts PayableNotes Payable - TessierNo EntryNotes Payable - RBCInterest ExpenseInterest PayableNotes Payable - Hanover
	CashInterest ExpenseUnearned RevenueNotes Payable - HanoverNotes Payable - LalondeNo EntryNotes Payable - RBCNotes Payable - WoldeNotes Payable - TessierInterest PayableAccounts PayableWarranty ExpenseNotes Payable - Deng
	Notes Payable - TessierNotes Payable - LalondeCashNotes Payable - HanoverInterest PayableNotes Payable - WoldeNo EntryNotes Payable - RBCUnearned RevenueAccounts PayableNotes Payable - DengInterest ExpenseWarranty Expense
	CashNotes Payable - HanoverWarranty ExpenseNotes Payable - DengNo EntryNotes Payable - RBCInterest PayableNotes Payable - WoldeNotes Payable - TessierNotes Payable - LalondeUnearned RevenueInterest ExpenseAccounts Payable
Feb. 1Mar. 1Apr. 30Oct. 30Nov. 30Dec. 1Dec. 31	Interest ExpenseNo EntryAccounts PayableNotes Payable - HanoverUnearned RevenueNotes Payable - DengWarranty ExpenseInterest PayableCashNotes Payable - WoldeNotes Payable - LalondeNotes Payable - RBCNotes Payable - Tessier
	Notes Payable - LalondeWarranty ExpenseNo EntryNotes Payable - TessierInterest ExpenseAccounts PayableUnearned RevenueInterest PayableNotes Payable - DengNotes Payable - RBCNotes Payable - HanoverCashNotes Payable - Wolde
Feb. 1Mar. 1Apr. 30Oct. 30Nov. 30Dec. 1Dec. 31	Notes Payable - HanoverInterest PayableCashNotes Payable - TessierNotes Payable - RBCNo EntryUnearned RevenueNotes Payable - LalondeAccounts PayableInterest ExpenseWarranty ExpenseNotes Payable - WoldeNotes Payable - Deng
	Unearned RevenueNotes Payable - HanoverNotes Payable - WoldeNotes Payable - RBCInterest ExpenseCashAccounts PayableInterest PayableWarranty ExpenseNotes Payable - DengNotes Payable - LalondeNotes Payable - TessierNo Entry
Dec. 1	Notes Payable - LalondeCashNotes Payable - HanoverWarranty ExpenseUnearned RevenueInterest ExpenseNotes Payable - RBCNo EntryNotes Payable - DengNotes Payable - TessierNotes Payable - WoldeInterest PayableAccounts Payable
	Notes Payable - WoldeInterest PayableNo EntryNotes Payable - DengInterest ExpenseNotes Payable - HanoverNotes Payable - TessierUnearned RevenueWarranty ExpenseCashAccounts PayableNotes Payable - LalondeNotes Payable - RBC
	Notes Payable - WoldeInterest PayableNotes Payable - DengNotes Payable - LalondeNo EntryNotes Payable - TessierNotes Payable - RBCNotes Payable - HanoverWarranty ExpenseUnearned RevenueInterest ExpenseCashAccounts Payable
	Accounts PayableUnearned RevenueNotes Payable - TessierCashNo EntryNotes Payable - WoldeNotes Payable - LalondeInterest PayableWarranty ExpenseNotes Payable - HanoverNotes Payable - RBCNotes Payable - DengInterest Expense

eTextbook and Media

List of Accounts

Prepare any adjusting entry required on December 31, 2021. (Round answers to 2 decimal places, e.g. 52.76. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	CashNotes Payable - RBCNo EntryNotes Payable-TessierInterest PayableNotes Payable - DengWarranty ExpenseUnearned RevenueInterest ExpenseNotes Payable - LalondeNotes Payable - WoldeAccounts PayableNotes Payable - Hanover
	Interest ExpenseNotes Payable - LalondeNotes Payable - WoldeNo EntryNotes Payable - DengNotes Payable - RBCInterest PayableNotes Payable - HanoverUnearned RevenueNotes Payable-TessierWarranty ExpenseCashAccounts Payable

eTextbook and Media

List of Accounts

What amount will appear under interest expense for Hans income statement for the year ended December 31, 2021? Where will this amount be classified on the income statement? (Round answer to 2 decimal places, e.g. 52.76.)