Prepare Journal Entries Without Explanations for the Following Transactions Involving

Essay

Prepare journal entries without explanations for the following transactions involving notes payable for Gomez Company,whose fiscal year ends June 30.
$\begin{array}{|l|l|l|}\hline \text { June } &20& \text { Pad a trade account payable with a } 90 \text {-day, } 9 \text { percent } \$ 60,000 \text { note. Interest is } \\&&\text { in addition to the face value. }\\\hline & 30 & \text { Made end-of-year adjusting entry to accrue interest expense for the note. } \\\hline & 30 & \text { Made end-of-year closing entry pertaining to interest expense. } \\\hline \text { Sept. } & 18 & \text { Paid amount due on note, plus interest. }\\\hline \end{array}$