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Joumalze the following transactions for Jacobs Company: (B) (Click the icon to view the transactions) (Click the kicon to view the Doys in a Year

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Joumalze the following transactions for Jacobs Company: (B) (Click the icon to view the transactions) (Click the kicon to view the Doys in a Year tabie.) (Round amounts to the nearest cont. Assume a 360-day year. Recerd debits first, thon credes. Exclude explanations from joumal entries). June 18: Jacobs Company discounted its ewn $40,000,90-day note at Noxon Bank at 16%. More info 201x June 18 Jacobs Company discounted its own $40,000,90-day nole at Nuon Bank at 16%. Sept. 16 Paid the amount due on the note of June 18. (Be sure to record interest expense from Discount on Noles Payable) Nov 2 Jacobs Compary discounted its own 445,000,240-day note at Nixon Bank at 5K. Dec. 31 Record the adjusting entry lor interest expente

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