The following are selected transactions of Wildhorse Company. Wildhorse prepares financial statements quarterly.

Jan. $2$ Purchased merchandise on account from Nunez Company, $$27,600,$ terms $\frac{3}{10},\frac{n}{30}.($Wildhorse uses the perpetual inventory system.$)$

Feb. $1$ Issued a $9\%,2-$month, $$27,600$ 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 $$10,200$ in cash and signing a $10\%,3-$month, $$68,400$ note.

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

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

Dec. $1$ Borrowed $$27,600$ from the Paola Bank by issuing a $3-$month, $8\%$ note with a face value of $$27,600.$

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

Post to the accounts notes payable,interest payable,interest expense.