Below are Selected llability transactions for Haylor Ltd. completed during the year. The following items were selected from among the transactions completed by Warwick Co. during the cutrent year: Feb. 3. Purchased merchandise on account from Borland Co., $410,000, terms n/30. Mar. 3. Issued a 45-day, 6\% note for $410,000 to Borland Co, on account. Apr. 17. Paid Borland Co. the amount owed on the note of March 3. June 1. Borrowed $250,000 from Atlantic Bank Ltd., issuing a 60-day, 7.5\% note. July 21. Purchased tools by issuing a $300,000,60-day note to Nash Co, which discounted the note at the rate of 8%. 31. Paid Atlantic Bank Ltd. the interest due on the note of June 1 and renewed the loan by Issuing a new 30 -day. 9% note for 5250,000. (Journalize both the debit and credit to the notes payable account) Aug. 30. Paid Atlantic Eank Ltd, the amount due on the note of July 31. Sept19. Paid Nash Co, the amount due on the note of July 21 . Dec. 1 Purchased office equipment from Gmar Co, for $340,000, paying $40,000 and issuing a series of ten 8% notes for $30,000 each, corning due at 30 -day intervals. 12. Settled a product liabitity tawsult with a customer for $165,000, payabte In danuary. Warwick accrued the loss in a litigation ciairss payble account. 31. C Paid the amount due Gmar C, on the first rote in the series issued on December 7