Compute the following transactions:

1.Paid $320,000 of accounts payable - this includes supplies and inventory.

2.Paid the principal balance of $51,000 on the note payble plus interest of $3,060. The balance in interest payable is related to this interest. (Interest payable has a credit balance of 2,040)

3.Paid salaries of $90,000, this includes the beginning balance in salaries payable, which represents the salaries owed on December 31 of last year. (Salaries payable has a credit balance of 1,800)