mote balance P11-24 The following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly. Jan. 2 Purchased merchandise on account from Nunez Company, $30,000, terms 2/10, n/30. (Blanco uses the perpetual inventory system.) Feb. 1 Issued a 9%, 2-month, $30,000 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 $11,000 in cash and signing a 10%, 3-month, $60,000 note. Sept. 30 Accrued interest for 3 months on Marson note. Paid face value and interest on Marson note. Dec. 1 Borrowed $24,000 from the Paola Bank by issuing a 3-month, 8% note with a face value of $24,000. Dec. 31 Recognized interest expense for 1 month on Paola Bank note. Instructions (a) Prepare journal e (b) Post to the acc (c) Show the balan (d) What is total wwal entries for the listed transactions and events. the accounts Notes Payable, Interest Payable and interest Expense. he balance sheet presentation of notes and interest payable at De is total interest expense for the year? Proble Mann Hardware has four emplo s payable at December 31. P11-3A Mann H and-a-half for all hours (d) $2,110