I want to solve the first question with the need to show how to calculate

1- On June 1, 2021, the company purchased equipment for $60,000 from Raney Company, Question 2 and in exchange for a one-year, 9% note for the amount. 2. On September 30,2021 , the company borrowed $108,000, by signing a $18,800, oneyear zero-interest-bearing note at First State Bank. The imputed interest rate is 10% b. Journalize the adjusting entries for the accrued interest on December 31,2021 . a. Journalize the issuing of the notes payable above Required: 1- On June 1, 2021, the company purchased equipment for $60,000 from Raney Company, Question 2 and in exchange for a one-year, 9% note for the amount. 2. On September 30,2021 , the company borrowed $108,000, by signing a $18,800, oneyear zero-interest-bearing note at First State Bank. The imputed interest rate is 10% b. Journalize the adjusting entries for the accrued interest on December 31,2021 . a. Journalize the issuing of the notes payable above Required