The following are selected transactions of Cheyenne Corp.. Cheyenne prepares financial statements quarterly. Jan 2, Purchased merchandise on account from Nunez Company, $21,600, terms 2/10, n/30. (Cheyenne uses the perpetual inventory system.) Feb. 1 Issued a 9%, 2-month, $21,600 note to Nunez in payment of account. March 31 Accrued interest for 2 months on Nunez note. April 1 Paid face value and interest on Nunez note. July 1 Purchased equipment from Marson Equipment paying $12,800 in cash and signing a 10%, 3-month, $49,200 note. Sept. 30 Accrued interest for 3 months

on Marson note. Oct. 1 paid face value and interest on Marson note. Dec. 1 Borrowed $34800 from the Paola Bank by issuing 3 month, 8% note with face value of $34800 Dec. 31 recognized interest expense for 1 month on Paola Bank note

Paid face value and interest on Marson note. Borrowed $34,800 from the Paola Bank by issuing a 3-month, 8% note with a face value of $34,800. Recognized interest expense for 1 month on Paola Bank note.

The following are selected transactions of Cheyenne Corp.. Cheyenne prepares financial statements quarterly. Jan. 2 Purchased merchandise on account from Nunez Company, $21,600, terms 2/10,n/30. (Cheyenne uses the perpetual inventory system.) Feb. 1 Issued a 9\%, 2-month, \$21,600 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 $12,800 in cash and signing a 10\%, 3-month, $49,200 note Sept. 30 Accrued interest for 3 months on Marson note. Oct. 1 Paid face value and interest on Marson note. Dec. 1 Borrowed $34,800 from the Paola Bank by issuing a 3-month, 8% note with a face value of $34,800. Dec. 31 Recognized interest expense for 1 month on Paola Bank