Ch 11 - HW #2 Problem 1 Name Wade Co. had the following transactions involving notes payable. Journalize the transactions, financial statements are prepared quarterly. 1-Feb-14 Issued a 9%, 2-month, $30,000 note to Nunez in payment of account. 31-Mar-14 Accrued interest for 2 months on Nunez note. 1-Apr-14 Paid face value of Nunez note. 1-Jul-14 Purchased equipment from Bau Co. paying $11,000 cash and signing a 10% 3-month note for $60,000. 30-Sep-14 Accrued interest for 3 months on Bau note. 1-Oct-14 Paid face value and interest on Bau note. 1-Dec-14 Borrowed $24,000 from the Antisdale Bank by issuing a 3-month, 8% note. 31-Dec-14 Recognized interest expense for 1 month on Antisdale