Brown Company is having difficult paying off their suppliers. Fortunately, one of their suppliers has agreed to convert the amounts owing into a note payable. The note payable is issued on May 1, 2020 for an amount of $57,000, and is due 12 months from now with an interest rate of 4% per year. Brown Inc. has a December 31 year-end. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole dollar. For transactions with more than one debit, enter the accounts in alphabetical order. Date Account Title and Explanation Debit Credit May 1 Accounts Payable Notes Payable To convert accounts payable to a note Dec 31 Interest Expense 2280 Cash 2280 To record interest accrued Apr 30 To record the payment of note payable Accounts Payable Accounts Receivable Advertising Expense Cash Cost of Goods Sold GST Payable GST Recoverable Merchandise Inventory Notes Payable Office Supplies Expense PST Payable Rent Expense Salaries Expense Sales Revenue