Question: Post to the accounts Notes Payable, Interest Payable, and Interest Expense. Problem 11-2A (Part Level Submission) The following are selected transactions of Blanco Company. Blanco
Post to the accounts Notes Payable, Interest Payable, and Interest Expense.

Problem 11-2A (Part Level Submission) The following are selected transactions of Blanco Company. Blanco prepares financial statements quarterly. Purchased merchandise on account from Nunez Compan y, $31,000, terms 3/10, n/30. (Blanco uses the perpetua Jan nventory system Feb 1 Issued a 9%, 2-month, $31,000 note to Nunez in payment of account. Mar 31 Accrued interest for 2 months on Nunez note. Apr 1 Paid face value and interest on Nunez note. July 1 Purchased equipment from Marson Equipment pa ng $12,000 in cash and signing a 10%, 3-month, 51,600 note. Sept. 30 Accrued interest for 3 months on Marson note. Paid face value and interest on Marson note Oct Dec. 1 Borrowed $28,800 from the Paola Bank by issuing a 3-month, 8% note with a face value of $28,800. Dec. 31 Recognized interest expense for 1 month on Paola Bank
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