Book Show Me How Calculator Liability Transactions The following items were selected from among the transactions compleed by O Donne Co. during the current year Jan. 10. Purchased merchandise on account from Laine Co. $144.000, terms/30 Feb. 9. Issued a 30-day, 8% note for $144,000 to Laine Coon account. Mar. 11. Paid Laine Co. the amount owed on the note of February 9. May 1. Borrowed $136,800 from Tabata Bank, issuing a 45-day, 9% mote June 1. Purchased tools by issuing a $117,000, 60 day note to Gibala Co, which discounted the note at the rate of 8%. 15. Paid Tabata Bark the interest due on the note of May 1 and renewed the loan by issuing a new 45-day, 7% note for $136,000. (Journalize both the debit and credit to the notes payable account.) July 30. Paid Tabata Bark the amount due on the note of June 15 30. Paid Gibala Co, the amount due on the note of June 1. Dec. 1. Purchased office equipment from Warick Co. for $96.000, paying $16.000 and longa series of ten 5% notes for $8.000 each coming due at 30-day intervals. 15. Settled a product liability lawsuit with a customer for $4,000. payable in January O'Donnel accrued the loss in a litigation claims payable account. 31. Paid the amount due Warick Co. on the first not in the series issued on December 1. Required: 1. Journalize the transactions. If an amount box does not require an entry, leave it blank. Assume a 360-day year. Don't round the intermediate calculations and round the final as the doll For a compound transaction, accounts should be listed largest to smallest Date Account Debit Jan. 10 Credit