These are selected transactions of Waterway Company. Waterway prepares financial statements quarterly. Jan.Feb.Mar.Apr.JulySept.Oct.Dec.Dec.213111301131PurchasedmerchandiseonaccountfromNunezCompany,$29,000,terms2/10,n/30.(Waterwayusestheperpetualinventorysystem.)Issueda9%,2-month,$29,000notetoNunezinpaymentofaccount.Accruedinterestfor2monthsonNuneznote.PaidfacevalueandinterestonNuneznote.PurchasedequipmentfromMarsonEquipmentpaying$10,500incashandsigninga10%,3-month,$52,800note.Accruedinterestfor3monthsonMarsonnote.PaidfacevalueandinterestonMarsonnote.Borrowed$36,000fromthePaolaBankbyissuinga3-month,8%notewithafacevalueof$36,000.Recognizedinterestexpensefor1monthonPaolaBanknote. Post to the accounts Notes Payable, Interest Payable, and Interest Expense. (Post entries in the order of journal entries presented in the previous part.)