The following transactions of Smooth Sounds Music Company occurred during 2020 and 2021 :

{Requirement}
Record the transactions in Smooth Sounds's journal. Explanations are not required.

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2020 Mar. 3 Apr. 30 Sept. 3 Dec. 31 2021 31 Apr. 30 Purchased a Steinway piano (inventory) for $40,000, signing a six-month, 5% note. Borrowed $50,000 on a 9% note payable that calls for annual instalment payments of $25,000 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. Paid the six-month, 5% note at maturity. Accrued warranty expense, which is estimated at 2% of sales of $190,000. Accrued interest on the outstanding note payable. Paid the first instalment plus interest for one year on the outstanding note payable.