Consider the following transactions that occurred for Smooth Notes Music Company during 2018 and 2019, and answer the questions below: (Click the icon to view the transactions.) Requirement 1. Record the transactions in Smooth Notes' joumal. Explanations are not required. Mar 3: Purchased a piano (inventory) for $30,000, signing a six-month, 6% note payable. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Mar Date 2018 3 Accounts May 31: Borrowed $66,000 on a 5% one-year note payable. Date 2018 May 31 Journal Entry Accounts Debit Credit Transactions 2018 Mar 3 Purchased a piano (inventory) for $30,000, signing a six-month, 6% note payable. May 31 Borrowed $66,000 on a 5% one-year note payable. Sep 3 Paid the six-month, 6% note at maturity. Dec 31 Accrued warranty expense, which is estimated at 3.0% of sales of $201,000. 31 Accrued interest on the outstanding note payable. 2019 Debit Credit May 31 Paid the outstanding note payable at maturity. Sep 3: Paid the six-month, 6% note at maturity. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. Print Done