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Consider the following note payable transactions of Collective Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits

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Consider the following note payable transactions of Collective Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the Mar. 1, 2023: Purchased equipment costing $32,000 by issuing a one-year, 3% note payable. Date Accounts and Explanation Debit Credit 2023 Mar. 1 - More info Mar. 1, 2023 Dec. 31, 2023 Purchased equipment costing $32,000 by issuing a one-year, 3% note payable. Accrued interest on the note payable. Paid the note payable plus interest at maturity. Mar. 1, 2024

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