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These are selected transactions of Bramble Company. Bramble prepares financial statements quarterly lan 2 Purchased merchandise on account from Nunez Company. 526.000 terms 2/10./30. Bramble
These are selected transactions of Bramble Company. Bramble prepares financial statements quarterly lan 2 Purchased merchandise on account from Nunez Company. 526.000 terms 2/10./30. Bramble uses the perpetual inventory system.) Feb 1 Issued a 9%, 2-month $26,000 note to Nunez in payment of account Mar 30 Accrued interest for 2 months on Nunez note. Apr 1 Paiditace value and interest on Nunez note July 1 Purchased equipment from Marson Equipment paying $11.000 in cash and signing a month $19 200 Sant 30 Accrued interest for 3 months on Marson note. 1 Paid face value and interest on Marson note, 1 Borrowed $18,000 from the Paola Bank by issuing a 3-month 8% note with a 31 Reconized interest expense for 1 month on Paobs Banknote Prepare journal entries for the listed transactions and events. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation Jan 2 V Inventory Accounts Payable Feb. 1 Accounts Payable Notes Payable Mar 31 Interest Expense Interest Payable Apr. 1 Notes Payable Interest Payable Cash July 1 Equipment Cash Notes Payable Sept. 30 Interest Expense Interest Payable Oct 1 Notes Payable Interest Payable Cash Dec 1 Cash Notes Payable Dec. 31 Interest Expense 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 >
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