BE3.12 (LO 3) AP On July 31, 2020, a company purchased equipment for $150,000, paying $40,000 cash and signing a 5% note payable for the remainder. The interest and principal of the note are due on January 31, 2021. Prepare the journal entry to record the following: a. the purchase of the equipment on July 31, 2020. b. the accrual of the interest at year end, November 30, 2020, assuming interest has not previously been accrued. c. the repayment of the interest and note on January 31, 2021.