Kubek Inc., whose fiscal year ended June 30 2014 completed the following transactions involving notes payable FIVE POINTS ! May 21 Obtaincd a 60-day extension on an $36,000 trade account payable owed to a supplier by signing a 60-day $36,000 note. Intcrest is in addition to the facc valuc, at the rate of 14 percent. Made the end-of-ycar adjusting entry to accrue interest expense. (Round to the ncarcst cent.) June 30 July 20 Paid off the note plus interest duc the supplier. (Round to the nearest cent.) Note: The first journal entry does not include an entry to cash, Read May 21 instruction carefully. Prepare journal entries for the notes payable transactions DATES AND EXPLANATIONS REQUIRED! NO JOURNAL REFERENCE NECESSARY