Problem 11-02A a-d The following are selected transactions of Bonita Company. Bonita prepares financial statements quarterly. Jan. 2 Feb. 1 Mar. 31 1 1 Apr. July Sept. 30 Oct. 1 Purchased merchandise on account from Nunez Company, $23,000, terms 2/10, n/30. (Bonita uses the perpetual inventory system.) Issued a 9%, 2-month, $23,000 note to Nunez in payment of account. Accrued interest for 2 months on Nunez note. Paid face value and interest on Nunez note. Purchased equipment from Marson Equipment paying $11,000 in cash and signing a 10%, 3-month, $62,400 note. Accrued interest for 3 months on Marson note. Paid face value and interest on Marson note. Borrowed $27,600 from the Paola Bank by issuing a 3-month, 8% note with a face value of $27,600. Recognized interest expense for 1 month on Paola Bank note. Dec. 1 Dec. 31 Your answer is partially correct. Try again. Prepare journal entries for the listed transactions and events. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan. 2 Inventory 23000 Accounts Payable 23000 Feb. 1 Accounts Payable 23000 Notes Payable 23000 Mar.31 Interest Expense 3451 ! Interest Payable 345 Apr.1 Notes Payable 23000 Interest Payable 345 Cash 23345 July 1 Equipment 73400 Cash 11000 Notes Payable 62400 July 1 Equipment 73400 Cash 11000 Notes Payable 624001 Sept.30 Interest Expense 1550 > x Interest Payable 1550 Oct.1 Notes Payable 62400 X Interest Payable 1550 Cash 63950 Dec. 1 Cash 23000 X Notes Payable 23000 Dec.31 Interest Expense 153.33 X Interest Payable 153.33 Your answer is partially correct. Try again. Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the order of journal entries presented in the previous part.) Notes Payable 4/1 23000 23000 10/1 62400 62400 X 23000 V 23000 Interest Payable 3/31 3451 345 X X 9/30 1550 1550 153.33 153.33 Interest Expense 3/31 345| 9/30 1550 X 12/31 153.33 X SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Show the balance sheet presentation of notes and interest payable at December 31. x Bonita Company Balance Sheet (Partial) For the Year Ended December 31 Current Liabilities Notes Payable 23000 Interest Payable 153.33 23153.33 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT * Your answer is incorrect. Try again. What is total interest expense for the year? Total interest 2048.33 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT