Consider the following note payable transactions of Cabico Video Productions 2015 Jun. 1 Purchased equipment costing $14,000 by issuing a one-year, 3% note payable. Dec. 31 Accrued interest on the note payable. 2016 Jun. 1 Paid the note payable plus interest at maturity. Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Purchased equipment in exchange for one year, 3% note 1, 2015: Accrued interest Date Accounts and Explanation Debit Credit 2015 Interest Expense Dec. 31Interest Payable Accrued interest expense at year-end