The following are selected transactions of Blanco Company. Blanco prepares financial statementsquarterly.

Jan.		2		Purchased merchandise on account from Nunez Company, $26,400, terms 3/10, n/30. (Blanco uses the perpetual inventory system.)
Feb.		1		Issued a 9%, 2-month, $26,400 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 $10,800 in cash and signing a 10%, 3-month, $60,000 note.
Sept.		30		Accrued interest for 3 months on Marson note.
Oct.		1		Paid face value and interest on Marson note.
Dec.		1		Borrowed $31,200 from the Paola Bank by issuing a 3-month, 8% note with a face value of $31,200.
Dec.		31		Recognized interest expense for 1 month on Paola Bank note.

A: Prepare Journal Entries for the listed transactions and events. Record entries in the order they are presented in the problem

B: Post to 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?