On June 1, 2021, Wildhorse Company purchases equipment on account from Moleski Manufacturers for $48,000. Wildhorse is unable to pay its account on July 1, 2021, so Moleski agrees to accept a three-month, 8% note payable from Wildhorse. 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 Wildhorse 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 for the amounts. Round answers to O decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 2021 (Purchased equipment on account.) (Signed a in exchange for a past-due accounts payable.) (Paid interest expense.) (Accrued interest payable.) (Accrueu (Paid interest owing.) Oct. 1 (Paid note and interest owing.) e Textbook and Media