The following are selected transactions of Pina Colada Company. Pina Colada prepares financial statements quarterly. Jan. 2 Purchased merchandise on account from Nunez Company, $34,800, terms 3/10,n/30. (Pina Colada uses the perpetual inventory system.) Feb. 1 Issued a 9%,2 month, $34,800 note to Nune 2 in payment of account. Mar. 31 Accrued interest for 2 months on Nunez note. Apr. 1 Paid face value and interest on Nune2 note. July 1 Purchased equipment from Marson Equipment, paying $11,400 in cash and signing a 10%,3-month, $52.800 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. Dote account Tries and Explanstion Debit Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the order of journal e the previous part.) Thow the nalance theet preseriation of cotet and interest parable at December 31