Journalize the following entries on the books of winston co. for november 1, december 1, december 31, and march1.
nov. 1 winston co. purchased merchandise for $60,000 on account from bagley co. , terms n/30.
dec. 1 winston co. issued a 90-day, 5% note for $60,000 on account.
dec. 31 accrued interest on the note.