statements quarterly nu no (Current ability as payable $94.640 111-2A) The following are selected transactions of Winsky Company, Winsky prepares finan- Journalist and post: actions show baland prosentation Ft 1 Issued a 9%, 2-month, $30,000 note to Yokum in paymento ISO 2 account Soar. 31 Accrued interest for 2 months on Yokum note. hote? Purchased merchandise on account from Yokum Company, 530,000, terms 2/10, 1/30. ent Liabilities and Payroll Accounting Apr 1 Paid face value and interest on Yokum note. Purchased equipment from Korsak Equipment paying $11,000 in cash and signs July 1 10%, 3-month. $40,000 note. Sept. 30 Accrued interest for 3 months on Korsak note. Oct 1 Paid face value and interest on Korsak note. Dec. Borrowed $15.000 from the Otago Bank by issuing a 3-month, 8% interest-bearing note with a face value of $15.000. Dec. 31 Recognized interest expense for 1 month on Otago Bank note. Instructions (a) Prepare journal entries for the above transactions and events. (b) Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (e) Show the balance sheet presentation of notes and interest payable at December 31. (d) What is total interest expense for the year