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Problem 10-2A The following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly Jan. 2 Purchased merchandise on account, from Nunez Company, $26,400, terms 2/10, n/30. (Blanco uses the perpetual inventory syste Feb. 1 Issued a 9%, 2-month, $26,400 note to Nunez in payment of account. Mar. 31 Accrued interest for 2 months on Nunez note Apr. 1 Paid face value and interest on Nunez note. July 1 Purchased equipment from Marson Equipment paying $11,900 in cash and signing a 10%, 3-month, $52,800 note. Sept. 30 Accrued interest for 3 months on Marson note Oct. 1 Paid face value and interest on Marson note. Dec. 1 Borrowed $21,600 from the Paola Bank by issuing a 3-month, 8% note with a face value of $21,600. Dec. 31 Recognized interest expense for 1 month on Paola Bank note E] Your answer is correct. Prepare journal entries for the listed transactions and events. (Credit account titles are automatically indented when amount is ente Date Account Titles and Explanation Debit Credit an nvent ccounts Payabl otes Payable tar. 3 Interest Expense terest Payabl Apr. 1 Notes Paya nterest Payabl 470 otes Payable 32 nterest Payabl 132 Oct.Notes Payabl 32 412 ec. 1 Cash otes Payab