View Policies Current Attempt in Progress The following ar e selected transactions of Sunland Group. Sunland prepares financial statements quarterly (amounts in thousands). Jan. 2 Purchased merchandise on account from Nan Company, W25,000, terms 2/10, n/30. (Sunland uses the perpetual inventory system.) Feh. 1 Issued a 9%,2-month, W25,000 note to Nan in payment of account. Mar. 31 Accrued interest for 2 months on Nan note. Apr. 1 Paid face value and interest on N an note. July 1 Purchased equipment from Ji-yoo Equipment paying W12,000 in cash and signing a 10%,3 month, W49.200 note. Sept. 30 Accrued interest for 3 months on Ji-yoo note. Oct. 1 Paid face value and interest on Ji-yoo note. Dec 1 Borrowed W24,000 from the Wonju Bank by issuing a 3-month, 8% note with a face value of W24,000. Dec. 31 Recognized interest expense for 1 month on Wonju Bank-note. Prepare journal entries for the listed transactions and events. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.) \begin{tabular}{|l|l|l|l|l|l|l|} \hline Apr.1 & Interest Payable & 375 \\ \hline & & Notes Payable & \\ \hline \end{tabular} Notes Payable Interest Expense 49200 sept30 Interest Payable 1230 Post to the accounts Notes Payable, Interest Payable, and interest Expense. (Post entries in the order of journal entries presented in Show the statement of financial position presentation of notes and interest payable at December 31