These are selected transactions of Swifty Company. Swifty prepares financial statements quarterly. Jan. Feb. Mar. Apr. July Sept. Oct. Dec. Dec. 2 Purchased merchandise on account from Nunez Company, $32,000, terms 3/10, n/30. (Swifty uses the perpetual inv Issued a 9%, 2-month, $32,000 note to Nunez in payment of account. Accrued interest for 2 months on Nunez note. Paid face value and interest on Nunez note. Purchased equipment from Marson Equipment paying $12,000 in cash and signing a 10%, 3-month, $60,000 note. Accrued interest for 3 months on Marson note. Paid face value and interest on Marson note. Borrowed $19,200 from the Paola Bank by issuing a 3-month, 8% note with a face value of $19,200. Recognized interest expense for 1 month on Paola Bank note. 1 31 1 1 30 1 1 31

These are selected transactions of Switty Compamy Savfty grepares ffiancial stacements quanterly. Mar 31 Acrued iriterest for 2 moeths oo tiuner note. Aor: 1 Pald face value and interent on Nunez mote. Sept 30 Accruedinderest for J montho an Marson note- Oct 1 Padd tace value and interest on Marson note. Dec. B1 Recogniadinterest ewaenof for 1 menth on Poola dunk note Krowent Titles and Explanatient Debet Crast , son300 De: 1 cos31= Fost to the accounes Noter Payable, Interest Payable and traterest Expense (Hot entriet in the erder of wournal entries mresontod in the previoue part: Show the balance sheet presentation of notes and interest payable at December 31