The following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly.

Jan 2	Purchased merchandise on account from Nunez Company, $18,000, terms 2/10, n/30. (Blanco uses the perpetual inventory system.)
Feb 1	Issued a 9%, 2-month, $18,000 note to Nunez in payment of account.
March 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 $10,000 in cash and signing a 10%, 3-month, $48,000 note.
Sept 30	Accrued interest for 3 months on Marson note.
Oct 1	Paid face value and interest on Marson note.
Dec 1	Borrowed $18,000 from the Paola Bank by issuing a 3-month, 8% note with a face value of $18,000.
Dec 31	Recognized interest expense for 1 month on Paola Bank note.

A. Prepare Journal entries for the listed transactions and events.

B. Post the accounts Notes Payable, Interest payable, and Interest Expense.

C. Show the balance sheet presentation of notes and interest payable at December 31.

D. What is the total interest expense for the year?