On June 1, 2021, Oriole Company purchases equipment on account from Moleski Manufacturers for $54,000. Oriole is unable to pay its account on July 1, 2021, so Moleski agrees to accept a three-month, 6% note payable from Oriole. Interest is payable the first of each month, starting August 1, 2021. Moleski has an August 31 fiscal year end and adjusts its accounts on an annual basis. Record all transactions related to the note for Oriole Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation 2021 (Purchased equipment on account.) (Signed a note in exchange for a past-due accounts payable.) (Paid interest expense) (Accrued interest payable.) Debit Credit