On February 1, 2010, JenStar purchased computer equipment. It paid $15000 cash ans signed a two-year not payable, with a face value of $50000, due on January 31, 2012. The going rate of interest for this level of risk was 6%. The accounting period ends on January 31. a 3% interest-bearing note. Interest is due each January 31. (Journalized using the net method).