The following are selected transactions of Larkspur Company. Larkspur prepares financial statements quarterly. Interest on all notes is paid at maturity.

Jan. $2$ Purchased merchandise on account from Nunez Company, $$32,400,$ terms $\frac{2}{10},\frac{n}{30}.($Larkspur uses the

Feb. $1$ Issued a $9\%,2-$month, $$32,400$ 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 $$12,100$ in cash and signing a $10\%,3-$ month, $$55,200$ note.

Sept. $30$ Accrued interest for $3$ months on Marson note.

Oct. $1$ Paid face value and interest on Marson note.

Dec. $1$ Borrowed $$21,600$ from the Paola Bank by issuing a $3-$month, $8\%$ note with a face value of $$21,600.$

Dec. $31$ Recognized interest expense for $1$ month on Paola Bank note.

$($a$)$

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 $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit