Give the general journal entry to record each of the following transactions: 1. On June 3, 20X1, Huddleston Company issued a 120-day, 9 percent note for $36,000 to purchase new office equipment. 2. Huddleston Company paid the June 3 note when it became due. 3. On September 18, 20X1, Huddleston Company borrowed money from the Hot Springs National Bank by discounting its own 90-day noninterest-bearing $60,000 note payable at a discount rate of 10 percent. 4. Huddleston Company paid the September 18 note when it became due. Analyze: If Huddleston had borrowed $60,000 from the bank on September 18 , signing a 90-day note, bearing interest of 10 percent, would these be more favorable or less favorable terms for Huddleston than discounting the $60,000 note at 10 percent? Why