Consider the following transactions that occurred for Soft Sounds Music Company during 2018 and 2019, and answer the questions below: (Click the icon to view the transactions.) Requirement 1. Record the transactions in Soft Sounds' journal. Explanations are not required. Mar 3: Purchased a piano (inventory) for $50,000, signing a six-month, 8% note payable. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Mar Date 2018 3 Accounts May 31: Borrowed $90,000 on a 5% one-year note payable. Date 2018 May 31 Journal Entry Accounts Sep 3: Paid the six-month, 8% note at maturity. Date 2018 Sep 3 Debit Credit Transactions 2018 Mar 3 Purchased a piano (inventory) for $50,000, signing a six-month, 8% note payable. May Sep Dec 31 Borrowed $90,000 on a 5% one-year note payable. 3 Paid the six-month, 8% note at maturity. 31 Accrued warranty expense, which is estimated at 3.0% of sales of $200,000. 31 Accrued interest on the outstanding note payable. Debit Credit 2019 May 31 Paid the outstanding note payable at maturity. Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Print Done