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Question $11,$ EF$11-15($similar to$)$

HW Score: $9\%,9$ of $100$ points

evieW$-$Bonus

Part $1$ of $3$

Points: $0$ of $8$

Consider the following note payable transactions of Cranmore Video Productions.

$($i$)($Click the icon to view the transactions.$)$

Journalize the transactions for the company. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

May $1,2023$: Purchased equipment costing $$28,000$ by issuing a one$-$year, $6\%$ note payable.

$\backslash$table$[[$Date$,,$Debit,Credit$],[2023,,,],[$May $1,,,],[,,,],[,,,],[,,,]]$

More info

$\backslash$table$[[$May $1,2023,\backslash$table$[[$Purchased equipment costing $$28,000$ by issuing a one$-$year, $6\%$ note$],[$payable$.]]],[\backslash$table$[[$Dec$.31,2023,$Acrued interest on the note payable.$]],],[$May $1,2024,$Paid the note payable plus interest at maturity.$]]$