HW 1 Wishbone Multimedia had the following note payable transactions for 2017 and 2018. June 1, 2017 purchased equipment from Texco costing $18,000 by issuing a one-year, 8% note payable. General Journal Account Name Equipment Debit 18.000 Credit 18.000 July 7, 2017- needing more time to pay, a $2,000 accounts payable to Lone Star Videos, a 90 day, 12% note was issued. General Journal Account Name Debit Credit Note Payable-Lone Star Videos Oct. 5, 2017-paid the note dated July 7 plus the interest at maturity General Journal Account Name 7. Interest Expense Cash Debit 2.000 Credit 8. Dec. 31, 2017 the interest on the June 1 note payable was accrued. General Journal Debit Credit Account Name June 1, 2018 paid the $18,000 note plus the interest. General Journal Account Name Note Payable-Texco Debit 18.000 Credit