sactions.) compa ent cos Acco More info Aug. 1, 2023 Dec. 31, 2023 Aug. 1, 2024 nt in exc t on the note payable. Accounts and Explanation Purchased equipment costing $16,000 by issuing a one-year, 9% note payable. Accrued interest on the note payable. Paid the note payable plus interest at maturity. Print Debit Done - X Credit Consider the following note payable transactions of Creative Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Aug 1, 2023: Purchased equipment costing $16,000 by issuing a one-year, 9% note payable. Date Accounts and Explanation 2023 Aug. 1 Equipment Notes Payable Purchased equipment in exchange for one-year 9% note. Dec 31, 2023. Accrued interest on the note payable. Date Accounts and Explanation Debit 16,000 Debit Credit 16,000 Credit Consider the following note payable transactions of Creative Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Purchased equipment in exchange for one-year, 9% note. Dec. 31, 2023: Accrued interest on the note payable. Date 2023 Dec. 31 Interest Expense Interest Payable Accounts and Explanation Accrued interest expense at year-end Aug. 1, 2024: Paid the note payable plus interest at maturity. Date Accounts and Explanation CIE Debit Debit Credit Credit Consider the following note payable transactions of Creative Video Productions. (Click the icon to view the transactions.) Journalize the transactions for the company. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accrued interest expense at year-end. Aug. 1, 2024: Paid the note payable plus interest at maturity. Date Accounts and Explanation 2024 Aug. 1 Notes Payable Interest Expense Interest Payable Cash Paid note and interest at maturity. Debit 16,000 possibi Credit