Productions i More Info 2018 Apr. 1 Purchased equipment costing $198,000 by issuing a nine-year, 8% ni note payable. The note requires annual principal payments of $22,000 plus interest each April 1 Dec. 31 Accrued interest on the note payable 2019 Apr. 1 Paid the first installment on the note. Dec. 31 Accrued interest on the note payable. Print Done and then continue to the next