Journalize the following transactions for Jones Company: 201X June 18 Jones Company disCounted its own $49,000, 90-day

Journalize the following transactions for Jones Company:

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201X June 18 Jones Company disCounted its own $49,000, 90-day note at International Bank at 16%. 16 Paid the amount due on the note of June 18. (Be sure to record interest expense from Discount on Notes Payable.) Sept. 2 Jones Company discounted its own $10,000, 210-day note at International Bank at 9%. 31 Record the adjusting entry for Interest Expense. Nov. Dec.