record the following note payable transactions of handle corp. in the companys journal. round intermediate interest calculations to the nearest cent and final amounts to the nearest dollar. explanations ade not required. record debits first then credits.

Jul 1, 2018: Purchased equipment costing $35,000 by issuing a one-year, 4% note payable. Date 2018 Jul General Journal Accounts Dec 31, 2018: Accrued interest on the note payable.. Date Dec 31 Debit Credit General Journal Accounts Debit Credit