Proco had an account payable of $6600 due to Shiemoo inc, one of its suppliers. The amount was due to be paid on January 31 Proco did not have enough cash on hand then to pay the amount due, so Proce's treasurer called Shamoo's treasurer and agreed to sign a note payable for the amount due. The note was dated February 1, had an interest rate of 12% per annum, and was payable with intered on May 31 Required: a. Use the hortzontal model to show the effects (+ for addition and for subtraction) of each of these transactions and adjustments for Proco on the following February 1, to show that the account payable had been changed to a note payable b. March 31, to accrue interest expense for February and March May 31. to record payment of the note and all of the interest due to Shiemoo b. Prepare the journal entres to show each of these transactions and adjustments Complete this question by entering your answers in the tabs below. Required A Use the horizontal model to show the effects (+ for addition and-for subtraction) of each of these transactions and adjustments for Proco on the following: a. February 1, to show that the account payable had been changed to a note payable. & March 31, to accrue interest expense for February and March, May 31, to record payment of the note and all of the interest due to Shirmoo Assets Balance Sheet Category Liabilities Asment e Income Statement Stockholders' Equity Net Income Effect Reverses Required B>