Slush International has the following transactions during the year. 1. On June 1st the company bought inventories by signing a six month, 1.5% per month $500,000 note. 2. On October 1st the company signed a $65,000, 10%, one-year note payable. The agreement with the creditor was to pay back the note as soon as possible and that the interest will be charged only for the months for which the notes payable was not paid back. 3. On October 31st the company paid the 1st October note and its accrued interest. 4. On December 1st the note and accrued interest from the June 1st transaction was paid by the company Required Prepare journal entries necessary to record the above transactions. Note: Use account titles from the following list Inventories Notes Payable Cash Interest Expense Date Account title Dr Cr 1 Jun 1 Oct 31 Oct 1 Dec