E11-1A the following transactions of golden bear construction occurred during 2019 & 2020. The companys year end is December 31.

Record the transactions in the companys general journal. Use days in any interest accrual calculations, not months. Round all amounts to the nearest whole dollar. Explanations not required.

(journalizing liability-related transactions)

2019 Jan. 3 Purchased a machine at a cost of $350,000 plus 5 percent GST, signing a 5 percent, 180 day note payable for that amount. 29 Recorded the month's sales of $1,570,000 (excludes PST and GST). 80 percent on credit and 20 percent for cash. Sales amounts are subject to 8 percent PST and 5 percent GST. Feb. 5 Paid January's PST and GST to the appropriate authorities. 28 Borrowed $3,000,000 on a 3 percent note payable that calls for annual instalment payments of $300,000 principal plus interest. Jul. 3 Paid the six-month, 5 percent note at maturity. Nov. 30 Purchased inventory for $150,000 plus GST, signing a six-month, 5 percent note payable. Dec. 31 Accrued warranty expense, which is estimated at 2 percent of annual sales of $8,000,000 31 Accrued interest on all outstanding notes payable. Make a separate interest accrual entry for each note payable. 2020 Feb. 28 Paid the first instalment and interest for one year on the long-term note payable. May 31 Paid off the 5 percent note plus interest at maturity