The following are selected transactions of Cullumber Company. Cullumber prepares financial statements quarterly. Interest on all notes is paid at maturity. Jan. 2 Purchased merchandise on account from Nunez Company, $18,000, terms 2/10, n/30. (Cullumber uses the perpetual inventory system.) Feb. 1 Issued a 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 $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. Prepare journal entries for the listed transactions and events. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 2 Inventory Accounts Payable Feb. 1 Accounts Payable Notes Payable Mar. 31 Interest Expense Interest Payable Apr. 1 Notes Payable July 1 Interest Payable Cash Equipment Cash Notes Payable Sept. 30 Interest Expense Interest Payable Oct. 1 Notes Payable Debit 18,000 18,000 270 18,000 270 58,000 1,200 48,000 Interest Payable 1,200 Cash Dec. 1 Cash Notes Payable Dec. 31 Interest Expense Interest Payable 18,000 120 Credit 18,000 18,000 270 18,270 10,000 48,000 1,200 49,200 18,000 120 Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the order of journal entries presented in the previous part.) Notes Payable Interest Payable Interest Expense