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E11-1 Record the following note payable transactions of Lambda Company in the company's general journal. Explanations are not required. 2019 Jun.1 Purchased delivery truck costing

E11-1 Record the following note payable transactions of Lambda Company in the company's general journal. Explanations are not required.

2019 Jun.1 Purchased delivery truck costing $86,000 by issuing a one-year, 6 percent note payable.

Dec.31 Accrued interest on the note payable. 2020 Jun.1 Paid the note payable at maturity.

Recording note payable transactions

June 1, 2020, Credit Cash, $91,160

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