Record the following note payable transactions of Cranmore Corp. in the company's journal. Round intermediate interest calculations to the nearest cent and final amounts to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Click the icon to view the transactions.) Oct 1, 2018. Purchased equipment costing $40,000 by issuing a one-year, 6% note payable. More info 2018 Oct 1 Purchased equipment costing $40,000 by issuing a one-year, 6% note payable. Dec 31 Accrued interest on the note payable. 2019 Oct 1 Paid the note payable at maturity