Exercise 14-20 Payment 3 Date Account 12/31/23 Interest Expense Debit American Food Services, Inc., acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2021. In payment for the $5,700,000 machine, American Food Services issued a four- year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 10%. Credit Prepare the necessary journal entries on the dates shown below. Purchase Date 1/1/21 Account Debit Credit Payment 4 Date Account 12/31/24 Interest Expense Debit Credit Payment 1 Date Account 12/31/21 Interest Expense Credit Payment 2 Date Account 12/31/22 Interest Expense Debit Credit