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Question 2 [30 points] X-cell Inc. entered into the following transactions involving short-term liabilities during 2014 and 2015. Prepare journal entries to record these transactions for X-cell Inc. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would E Round all amounts to the nearest cent. a. April 28 : Signed a $33,000, 9%, 60-day note with TD Bank. b. May 13 : X-cell Inc. purchased merchandise from Velor Inc. for $34,000 under credit terms of 2/10, n/90. C. ? : Paid the note to TD Bank at maturity. d. August 11 : $11,000 cash was paid to Velor Inc. and the remaining balance of $23,000 was replaced with a 30-day, 9% note. e. ? : Paid the note to Velor Inc. at maturity. f. December 29 : Signed a $37,000, 9%, 90-day note with Canada Trust Bank. g. December 31: Recorded an adjusting entry of the accrual of interest on the note to Canada Trust Bank. h. ? : Paid the note to Canada Trust Bank at maturity. General Journal Date Account/Explanation 28/Apr Cash Page Gj1 Credit F Debit + + . + T