Chart of Accounts 231 Sales Tax Payable 232 Interest Payable 241 Notes Payable Jo 251 Bonds Payable 252 Discount on Bonds Payable 253 Premium on Bonds Payable 561 Depreciation Expense-Store Equipment 562 Depreclation Expense-Office Equipment 590 Miscellaneous Expense 710 Interest Expense 711 Loss on Redemption of Bonds EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock On January 1, 20Y2, Hebron Company issued a $242,000,5 year, 11% instaliment note 10 Ventsam Bank. The noto requires annual payments of $65,478, beginning on December 31 . 20Yr Joumalize the enthes to record the following: 20Y2 Jan. 1 bsued the note for cash at its face anount. Dec. 31 Pad the annual payment on the note, which conssted of interest of $205,020 and principal of $38.250. 20Y5 Dec. 31 Paid the annual paymert on the note houding $12.395 of intarese The remainder of the payment resuced the principel salance on the note Chart of Accounts EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock Jo 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends b. Joumalize the entries to record the transactions for the year 20rs. Chart of Accounts Or 151 Prepaid Insurance 191 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation-Office Equipment LIABILITIES 210 Accounts Payable 221 Salaries Payable 231 Sales Tax Payable 522 Office Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Repairs Expense 534 Selling Expenses 535 Rent Expense 536 insurance Expense 537 Office Supplies Expense 538 Store Supplies Expense 541 Bad Debt Expense 561 Depreciation Expense-Store Equipment 229. Intaraet Douahla. a. Journalize the entries to record the transactions for the year 20Y. Chart of Accounts General Ledger ASSETS 110 Cash 111 Petty Cash 121 Accounts Receivable 122 Allowance for Doubtful Accounts 126 Interest Recelvable 127 Notes Receivable 131 Inventory 141 Office Supplies 142 Store Supplies REVENUE 410 Sales 610 Interest Revenue 611 Gain on Redemption of Bonds EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 516 Cash Short and Over 521 Sales Salaries Expense