On November 1, 2023, DDJ Inc, purchased equipment costing $96,000 paying down cash of $67,200 and signing a 10\%, 3-month note payable for the remaining balance. DDJ has a fiscal year end of December 31. DDJ does not use reversing entries. (a) Your answer is correct. Prepare the journal entry to record the purchase of the equipment. (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. List debit entry before credit entry.) Prepare the journal entry to record the year-end interest accrual. (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. List debit entry before credit entry.)