The following are selected transactions of Skysong, Inc.. Skysong prepares financial statements quarterly.

Jan.		2		Purchased merchandise on account from Nunez Company, $34,800, terms 3/10, n/30. (Skysong uses the perpetual inventory system.)
Feb.		1		Issued a 9%, 2-month, $34,800 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 $12,200 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 $28,800 from the Paola Bank by issuing a 3-month, 8% note with a face value of $28,800.
Dec.		31		Recognized interest expense for 1 month on Paola Bank note.

a.) Prepare journal entries for the listed transactions and events.

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.