$1,400. The payroll taxes are immaterial b. Vacation pay, $15,000. and are not accrued. ns Series B PR 10-1B Liability transactions Inc. during the current year: Apr. 15. Borrowed $225,000 from Audi 0B). 1,5 The following items were selected from among the transact m among the transactions completed by Aston Martin i Company, issuing a 30-day, 6% note for that amount May 1. Purchased equipment by issuing a $320,000, 180-day note to Spyder Manufactur- ing Co., which discounted the note at the rate of 6%. 15. Paid Audi Company the interest due on the note of April 15 and renewed the loan by issuing a new 60-day, 8% note for $225,000. (Record both the debit and credit to the notes payable account.) July 14. Paid Audi Company the amount due on the note of May 15