The following are sclected transactions of Monty Company, Monty prepares financial statements quarterfy, Interest on all notes is. paid at maturity. 2 Purchased merchandive on account from Nunez Company. 318.000, terms 2/10, n/30. (Monty uses the nerpetual inventory system.) Fet. 1 Issueda 9%,2-month, $18.000 note to Nunez in payment of account. Mar. 31 Accrued interest for 2 months on Nunez note. Apr: 1 Paid face value and interest on Nunez note. July 1 Purchased equipment from Marson Equipment, paying $11,000 in cash and signinga 1006,3 -month. 550,400 note. Sept 30 Accrued interest for 3 months on Marson note. Oct 1 Paid face value and intenest on Marson note: Dec. 1 Borrowed $36,000 from the Paola Bank by issuing a 3-month, B8 note with a face value of $36.000 Dec 31 Recognized Interest expense for 1 month on Paola Bank note: Prepare iournal entries for the listed trantactions and events. ICredit eccount titles are aulomoticoly indented when amount is entered, Do not indent manually, If no entry is required, seloct "No Entry" for the eccount titles and enter Ofor the amounts.)