Consider the following note payable transactions of Collective Video Productions.

Just need help on the interest expsense!!

Consider the following note paryable transactions of Collective Video Productions (Click the icon to view the transactions.) Jounalize the transactions for the company. (Record debits frst, then credits Select the explanation on the last ine of the journal entry table.) Dec. 31, 2017: Accrued interest on the note payable. More Info Date Accounts and Explanation Debit Credit 2017 140 Dec. 31 Interest Expense 2017 Sep. !Purchased equipment cosing $14,000 by issung a ore-year, 3% 140 Interest Payable note payable. Dec 31 Aocrued interest on the note payable. 2018 Sep. 1 Paid the nobe payable plus interest at maburity Accrued interest expense at year-end Sep. 1, 2018: Paid the note payable plus interest at maturity Accounts and Explanation Print Done Date 2018 Sep. 4,000 1 Notes Payable Interest Expense Interest Payable Cash Paid note and interest at matunity 140