Provide the general journal entries to record the necessary
information for each scenario. Use a electronic spreadsheet program to
record your answers.Use the following account titles for the
transactions: Cash Accounts Payable Notes Payable Interest Payable
Unearned Ticket Revenue Ticket Revenue Supplies Expense Discount and
Interest Expense.Scenario 1: On April 1 2009 Williams Company
borrowed $100000 from National Bank. The note is a 10% nine month
note. Interest accrues quarterly. The total principal and interest will
be paid December 31 2009. Record the entries for April 1 the quarterly
accruals and the payment on 12/31/09.Scenario 2: Midwest
University sells 5000 season baseball tickets at $25 each for its
five-game home schedule. Record the entries for the sale of the tickets
and the entry after its first home game.Scenario 3: Williams
Company is on credit with its major supplier. On May 1 they purchased
$10000 in supplies on credit. The terms are 2/10 net 30. They make the
payment on May 10 to take advantage of the discount. Record the entry
for the payment on 5/10.