These are transactions of W Company which prepares financial statements quarterly.

Feb 01 Received $40,000 in Cash from YCo in exchange for a note at 9% interest for 2 mos.

Mar 31 Accrued interest for 2 months on YCo note.

Apr 1 Paid face value and interest on YCo note.

July 1 Purchased equipment from K Corp paying $11,000 in cash and signing a 10%, 3-month, $40,000 note.

Sep 30 Accrued interest for 3 months on K Corp note.

Oct 1 Paid face value and interest on K Corp note.

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