ability Transactions. The following items were selected from among the transactions completed by Shin Co, during the current vear: 2an. 10. Purehased merchandise on actount from feckham Co, $144,000, terms N/30. Feb. 9. Issued a 30-day, 8% note for $144,000 to Beckham Co, on account. Mar. 11. Paid beckham Co, the amount awed on the note of February 9 May 1. Borrowed $164,400 from Verity Bank, iswing a 45 -day, 9% noke. June 1. Purchased tools by issuing a 575,000,50. day note to frassmuessen Co, which discounted the note at the rate of 6%. 15. Pald Verity Bank the interest due on the note of May 1 and renewed the loan by issuing a new 45 -day, 7% note for 5164,400 . (Journalice both the debit and creat to the notes parable account) July 30, Paid Verity Bank the amount due on the note of June 15 30. Paid towmoessen Ca, the amount due on the note of June 1 Dec. 1. Purchased office equpment from Lambert Co, for $120,000, Waying $20,000 and issuing a series of ten 5% notes for $10,000 each, coming due a 20 -dary intervals: 13. Settled a product labefy lawsut with a customer for $62,000, payabie in lanuary. Shin acerved the loss in a higation daims payabie account 31. Faid the amount due Lumbert Co. on the frat note in the series sasued on December 1 Mequired: 1. Journalise the bansaction. If an amount bok does nof requre an entry, incre it blank, Ausume a 360 -day year. round the flal answers to the nearest dellar amount. for a compound transaction, acrourss whold be listed larsest to smaliest. 1. Journalize the transactions, If an amount box des not require an entry, leave it biank, Assume a 360 -doy yeas, Don't round the intermediate calculations and round the final answers to the nearest dollar ameunt. For a compound transaction, accounts should be liged larget ta smalest 2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current yeart (a) product warranty cost, $15, 200; (B) interest on the hipe remaining notes owed to Lambert Co, Assiume a 360-day year. Round your answers to the nearest dollar amount