A business issued a 45 -day, 6% note for $210,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360 -day year. General Motors Corporation (GM) disclosed estimated product warranty payable for comparative years as follows: Presume that GM's sales were $147,049 million in Year 2 and that the total paid on warranty claims during Year 2 was $3,000million. a. The distinction between short-and long-term liabilities is important to creditors in order to accurately evaluate the near-term cash on the business relative to the quick current assets and other longer-term b. Provide the journal entry for the Year 2 product warranty expense. If an amount box does not require an entry, leave it blank