I'm feeling lost on Problem 9-1. Can you help.

Glencoe Inc. operates with a June 30 year-end. During 2016, the following transactions
occurred:
a. Jan. 1:	Signed a one-year, 10% loan for $25,000. Interest and principal are to be paid at maturity
b. Jan. 10:	Signed a line of credit with Little Local Bank to establish a $400,000 line of credit. Interest of 9%
	will be charged on all borrowed funds.
c. Feb. 1:	Issued a $20,000 non-interest-bearing, six-month note to pay for a new machine. Interest on the note,
	at 12%, was deducted in advance.
d. Mar. 1:	Borrowed $150,000 on the line of credit.
e. Jun. 1:	Repaid $100,000 on the line of credit plus accrued interest.
f. Jun. 30:	Made all necessary adjusting entries
g. Aug. 1:	Repaid the non-interest-bearing note.
h. Sep. 1:	Borrowed $200,000 on the line of credit.
i. Nov. 1:	Issued a three-month, 8%, $12,000 note in payment of an overdue open account.
j. Dec. 31:	Repaid the one-year loan [from transaction (a)] plus accrued interest.
Required
1. Record all journal entries necessary to report these transactions.
2016
a. Jan. 1	Cash					25,000
	Bank Note						25,000
	To record bank 1 year bank loan at 10%. Principal and interest payment in 1 year
BALANCE SHEET						INCOME STATEMENT
Assets =		Liabilities		+ Stockholders' Equity		Revenues		Expenses		= Net Income
Cash	25,000	Bank Note	25,000
b. Jan. 10	Signed a line of credit with Little Local Bank for $400,000 line of credit. 9% interest will be charged on all borrowed funds
c. Feb. 1	Machine					20,000
	12% interest deduction					2,400
	Note Payable						17,600
	To record amount owed on note in 6 months
BALANCE SHEET							INCOME STATEMENT
Assets =		Liabilities			+ Stockholders' Equity		Revenues	Expenses		= Net Income
Machine	17,600	Note Principle		20,000
		Interest Deduction		2,400
				17,600
d. Mar. 1	Cash					150,000
	Bank Note						150,000
	To record amount borrowed on line of credit
BALANCE SHEET						INCOME STATEMENT
Assets		= Liabilities		+ Stockholders' Equity		Revenues		Expenses		= Net Income
Cash	150,000	Bank Note	150,000
e. June 1	Bank Note					(100,000)
	Accrued Interest					(1,500)
							(101,500)
	To record repayment on line of credit plus interest
BALANCE SHEET						INCOME STATEMENT
Assets		= Liabilities		+ Stockholders' Equity		Revenues	Expenses			= Net Income
Cash	(101,500)	T
		T	$		$		Interest	(1,500)		$
f. June 30	T					$
	T						$
	T
BALANCE SHEET						INCOME STATEMENT
Assets		= Liabilities		+ Stockholders' Equity		Revenues	Expenses			= Net Income
		T					T
		T	$		$		T	$		$
f. June 30	T					$
	T						$
	T
BALANCE SHEET						INCOME STATEMENT
Assets =		Liabilities		+ Stockholders' Equity		Revenues	Expenses			= Net Income
	T						T
		T	$		$		T	$		$
g. Aug. 1	T					$
	T					$
	T						$
	T						$
	T
BALANCE SHEET							INCOME STATEMENT
Assets		= Liabilities			+ Stockholders' Equity		Revenues	Expenses		= Net Income
T	$	T		$
		T						T
		T		$		$		T	$	$
h. Sep. 1	T					$
	T						$
	T
BALANCE SHEET						INCOME STATEMENT
Assets		= Liabilities		+ Stockholders' Equity		Revenues		Expenses		= Net Income
T	$	T
		T	$
i. Nov. 1	T					$
	T						$
	T
BALANCE SHEET							INCOME STATEMENT
Assets		= Liabilities			+ Stockholders' Equity		Revenues	Expenses		= Net Income
		T		$
		T		$
j. Dec. 31	T					$
	T					$
	T					$
	T						$
	T
BALANCE SHEET							INCOME STATEMENT
Assets		= Liabilities			+ Stockholders' Equity		Revenues	Expenses		= Net Income
T	$	T		$				T
		T		$		$		T	$	$
2. As of December 31, which notes are outstanding? How much interest is due on each?
	Amount outstanding
	Line of credit:	Interest Rate		Interest Payable
	$	%		F
	$	%		F
	8% note:
	$	%		F
				F