On September 1, 2023, Sunland Ltd. purchased equipment for $30,300 by signing a two-year note payable with a face value of $30,300 due on September 1, 2025. The going rate of interest for this level of risk was 6%. The company has a December 31 year end. (The tablesin this problem are to be used as a reference for this problem.)

Record all journal entries from September 1, 2023, to September 1, 2025, for a 2% interest-bearing note, with interest due each September 1. Ignore depreciation of the equipment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry isrequired,select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries. Round answer to 0 decimal places, e.g. 5,275.)