Dec 1: Issued a $100,000, 12%, one-year note for the purchase of machinery to be used for multiple R&D activities. The note's principal plus interest are due when the note matures. The machinery is estimated to have a 10-year useful life with no residual value. The company will use the straight-line method. Date Account Debit Credit Dec 1 Answer 1 Question 8 Cash Answer 2 Question 8 100,000 Answer 3 Question 8 Note Payable Answer 4 Question 8 100,000 Dec 31: Recorded accrued interest on the above note. Date Account Debit Credit Dec 31 Answer 5 Question 8 Interest Expense Answer 6 Question 8 1,000 Answer 7 Question 8 Interest Payable Answer 8 Question 8 1,000 Dec 31: Recorded depreciation on the above machine. Date Account Debit Credit Dec 31 Answer 9 Question 8 Answer 10 Question 8 Answer 11 Question 8 Answer 12 Question 8