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entry is required, leave the box blank. 2023, Apr. 1 Interest Expense 1,305 Interest Payable...

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entry is required, leave the box blank. 2023, Apr. 1 Interest Expense 1,305 Interest Payable 3,915 Cash 5,220 (Record interest payment) 4. Indicate how the note and associated interest would be presented on Perez's December 31, 2023 statement of financial position. Perez Company Statement of Financial Position (partial) December 31, 2023 Current liabilities: Interest payable 3,915 Long-term liabilities: Notes receivable, 8.7%, due in 2025 5. Prepare the necessary journal entries to record the repayment of the note and the last year's interest payment on April 1, 2025. For those boxes in which no entry is required, leave the box blank. 2025, Apr. 1 Interest Expense Interest Payable Cash (Record interest expense and payment of interest)

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