Proco had an account payable of 7,000 due to Shirmoo Inc, one of its suppliers. The amount was due to be paid on January 31, Proce did not have enough cash on hand then to pay the amount dueso Proco's treasurer called Shimoo's treasurer and agreed to sign a note payable for the amount due. The note was dated February had an interest rate of 9 per annum and was payable with Interest on May 31 Required: 1. 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 m. 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 c. May 31, to record payment of the note and all of the interest due to Shimoo b. Prepare the journal entries to show each of these transactions and adjustments Complete this question by entering your answers in the tabs below. Meguired Required Prepare the journalistes to show each of these transactions and adjustments. (If no entry is required for transaction/event, select in journal enby required in the first account feld) View transition flat Journal entry worksheet February 1, to show that the account payable had been changed to a nota payable bre Carral Journal Det Credit Recorder Clearby View general journal