t January 1, 2021, Han Merchants had a balance in the Interest Payable account for several notes it had signed and given to suppliers in exchange for outstanding accounts payable. The following table contains the details of the notes payable and the balance of the interest accrued on each note as at the end of the last fiscal year, December 31, 2020. Supplier Note Principal Interest Rate Issue Date Term Interest Accrued 1 Tessier Inc. $4,500 5% Nov. 1, 2020 3 months $37.50 2 Wolde Inc. 6,300 4.5% Nov. 30, 2020 5 months 23.63 3 Deng Inc. 10,200 6% Dec. 1, 2020 1 year 51.00 Total $112.13 All notes require that the interest be paid at the maturity of the note. All notes and interest were paid on time. Han prepares adjusting entries at the end of its calendar fiscal year. Additional transactions of 2021: Mar. 1 Signed a $10,800, one-year, 5% note to Lalonde Ltd. in settlement of an accounts payable. Interest is due at maturity. Oct. 30 Signed a $4,500, three-month, 4.5% note to Hanover Ltd. in settlement of an accounts payable. Interest is due at maturity. Nov. 30 Borrowed from RBC $10,500 cash in exchange for a two-year 6% note with interest due at maturity. Prepare all journal entries for Han Merchants for the above transactions and to record the on-time repayment of the notes payable that were outstanding as at December 31, 2020. (Round answers to 2 decimal places, e.g. 52.76. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 2021 Feb. 1 Unearned RevenueNotes Payable - HanoverNotes Payable - WoldeNo EntryInterest PayableNotes Payable - TessierNotes Payable - LalondeInterest ExpenseNotes Payable - DengNotes Payable - RBCWarranty ExpenseAccounts PayableCash Interest PayableNotes Payable - TessierNotes Payable - DengUnearned RevenueNotes Payable - WoldeCashWarranty ExpenseNo EntryNotes Payable - HanoverNotes Payable - LalondeAccounts PayableInterest ExpenseNotes Payable - RBC CashUnearned RevenueNotes Payable - DengInterest PayableWarranty ExpenseInterest ExpenseNo EntryNotes Payable - HanoverNotes Payable - LalondeNotes Payable - WoldeNotes Payable - TessierNotes Payable - RBCAccounts Payable Interest PayableUnearned RevenueNotes Payable - TessierInterest ExpenseCashNo EntryNotes Payable - LalondeNotes Payable - WoldeNotes Payable - RBCAccounts PayableWarranty ExpenseNotes Payable - DengNotes Payable - Hanover Feb. 1Mar. 1Apr. 30Oct. 30Nov. 30Dec. 1Dec. 31 Unearned RevenueNo EntryNotes Payable - WoldeAccounts PayableCashWarranty ExpenseNotes Payable - TessierInterest ExpenseNotes Payable - RBCNotes Payable - DengInterest PayableNotes Payable - LalondeNotes Payable - Hanover Notes Payable - WoldeNotes Payable - TessierInterest PayableNotes Payable - RBCNotes Payable - HanoverCashNo EntryNotes Payable - LalondeAccounts PayableUnearned RevenueNotes Payable - DengInterest ExpenseWarranty Expense Apr. 30 Notes Payable - RBCCashNotes Payable - HanoverNotes Payable - WoldeInterest PayableNo EntryNotes Payable - TessierNotes Payable - DengInterest ExpenseNotes Payable - LalondeWarranty ExpenseAccounts PayableUnearned Revenue Notes Payable - LalondeNotes Payable - TessierNo EntryNotes Payable - WoldeNotes Payable - HanoverInterest PayableUnearned RevenueWarranty ExpenseNotes Payable - RBCCashAccounts PayableInterest ExpenseNotes Payable - Deng Interest PayableNotes Payable - TessierWarranty ExpenseNo EntryInterest ExpenseNotes Payable - LalondeCashNotes Payable - WoldeNotes Payable - RBCNotes Payable - DengAccounts PayableUnearned RevenueNotes Payable - Hanover No EntryInterest PayableAccounts PayableCashInterest ExpenseUnearned RevenueNotes Payable - HanoverNotes Payable - TessierNotes Payable - DengNotes Payable - RBCNotes Payable - LalondeWarranty ExpenseNotes Payable - Wolde Feb. 1Mar. 1Apr. 30Oct. 30Nov. 30Dec. 1Dec. 31 Notes Payable - WoldeNotes Payable - DengNotes Payable - TessierCashAccounts PayableNotes Payable - LalondeNotes Payable - RBCInterest PayableInterest ExpenseNotes Payable - HanoverUnearned RevenueWarranty ExpenseNo Entry Notes Payable - WoldeNo EntryNotes Payable - HanoverInterest ExpenseUnearned RevenueCashWarranty ExpenseAccounts PayableNotes Payable - RBCNotes Payable - LalondeNotes Payable - DengInterest PayableNotes Payable - Tessier Feb. 1Mar. 1Apr. 30Oct. 30Nov. 30Dec. 1Dec. 31 Warranty ExpenseInterest ExpenseNotes Payable - HanoverUnearned RevenueNotes Payable - TessierAccounts PayableNo EntryNotes Payable - DengNotes Payable - RBCCashNotes Payable - WoldeNotes Payable - LalondeInterest Payable Accounts PayableInterest ExpenseNotes Payable - LalondeNotes Payable - HanoverNo EntryInterest PayableNotes Payable - DengNotes Payable - RBCNotes Payable - TessierWarranty ExpenseCashNotes Payable - WoldeUnearned Revenue Dec. 1 Notes Payable - TessierNotes Payable - RBCUnearned RevenueNotes Payable - HanoverInterest ExpenseInterest PayableNotes Payable - DengCashAccounts PayableNo EntryNotes Payable - WoldeWarranty ExpenseNotes Payable - Lalonde Notes Payable - WoldeNotes Payable - LalondeInterest PayableNo EntryNotes Payable - TessierInterest ExpenseWarranty ExpenseNotes Payable - RBCCashNotes Payable - HanoverNotes Payable - DengAccounts PayableUnearned Revenue Notes Payable - WoldeAccounts PayableNotes Payable - TessierNotes Payable - LalondeUnearned RevenueNo EntryNotes Payable - DengNotes Payable - RBCInterest ExpenseWarranty ExpenseInterest PayableCashNotes Payable - Hanover Notes Payable - RBCAccounts PayableWarranty ExpenseInterest ExpenseNotes Payable - HanoverUnearned RevenueNotes Payable - DengNotes Payable - WoldeNo EntryNotes Payable - LalondeCashNotes Payable - TessierInterest Payable do any adjusting entry required on December 31, 2021. (Round answers to 2 decimal places, e.g. 52.76. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Notes Payable - LalondeUnearned RevenueNotes Payable-TessierInterest PayableNotes Payable - WoldeCashNo EntryInterest ExpenseWarranty ExpenseNotes Payable - RBCNotes Payable - HanoverAccounts PayableNotes Payable - Deng Notes Payable - LalondeAccounts PayableNotes Payable - RBCCashInterest ExpenseInterest PayableNotes Payable-TessierNotes Payable - WoldeUnearned RevenueNotes Payable - DengWarranty ExpenseNo EntryNotes Payable - Hanover What amount will appear under interest expense for Han's income statement for the year ended December 31, 2021? Where will this amount be classified on the income statement? (Round answer to 2 decimal places, e.g. 52.76.) Income Statement Classification Amount Interest expense Other ExpensesRevenuesOperating Expenses $ What will be the amounts and classifications that will appear on Han's balance sheet at December 31, 2021, concerning the notes payable? (Round answers to 2 decimal places, e.g. 52.76.) Han Merchants (Partial) Balance Sheet For the Year Ended December 31, 2021For the Quarter Ended December 31, 2021December 31, 2021 Total Current LiabilitiesTotal Intangible AssetsCurrent LiabilitiesIntangible AssetsTotal Long-term InvestmentsTotal LiabilitiesTotal Property, Plant and EquipmentLong-term debt InvestmentsTotal AssetsTotal Non-current LiabilitiesPartners' EquityTotal Current AssetsNon-current LiabilitiesTotal Long-term LiabilitiesTotal Liabilities and Partners' EquityProperty, Plant, and EquipmentCurrent AssetsTotal Partners' Equity $ Total Liabilities and Partners' EquityPartners' EquityTotal Partners' EquityProperty, Plant, and EquipmentLong-term debt InvestmentsIntangible AssetsCurrent LiabilitiesTotal LiabilitiesTotal Current AssetsTotal AssetsCurrent AssetsTotal Current LiabilitiesTotal Property, Plant and EquipmentTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Intangible AssetsTotal Non-current LiabilitiesNon-current Liabilities.