(Record debits Tirst, then crec i (Click the icon to view the transactions.) . Mar 1, 2018. Purchased equipment costing $22,000 by issuing a one-year, 6% note payable. General Journal Date Accounts Debit Credit 2018 Mar Equipment Note payable, short-term 22000 22000 Dec 31, 2018 Accrued interest on the note payable General Journal Date Credit Dec Accounts 31 Interest expense Interest payable Debit 1100 1100 Mar 1, 2019. Paid the note payable at maturity Date General Journal Accounts Debit Credit 2019 Mar 1