eBook Show Me How Liability transactions Instructions Chart of Accounts Journal Instructions The following items were selected from among the transactions completed by Sherwood Co during the current year Mar 1 31 Jun 1 Jul 1 16 Purchased merchandise on account from Kirkwood Co $225,000, terms 1/30 Issued a 30 day, 8% note for $225,000 to Kirkwood Co on account Paid Kirkwood Co the amount owed on the note of March 31 Borrowed $600,000 from Triple Creek Bank, issuing a 45 day, 8% note Purchased tools by issuing a $50,000, 60-day not to Poulin Co., which discounted the note at the rate of 6% Paid Triple Creek Bank the interest due on the note of June 1 and renewed the loan by issuing a new 30 day, 75 note for $600,000. (Journalize both the debit and credit to the notes payable account) Paid Triple Creek Bank the amount due on the note of July 16 Paid Poulin Co the amount due on the note of July 1 Purchased equipment from Greenwood Co for $200,000, paying $80,000 cash and issuing a series of ten 99 notes for $20,000 each coming due at 30-day intervals Settled a product liability lawsuit with a customer for $40 000, payable in January Accrued the loss in a tigation claims payable account Pad the amount due to Greenwood Co on the first note in the series issued on December 1 Aug 15 30 Dec 1 22 31 Check My Work Email Instructor Save a All work saved ** O eBook Show Me How Liability transactions tristructions Court of Accounts Journal Instructions Journa CORO ACTIU LILITIES EQUITY DENT DATE OST TECTION Check My Work All work saved Email Instructor Sobies o w.com/in/takeAssignmen eBook Show Me How Liability transactions instructions Chart of Accounts Journal Instructions Journal 18 17 11 71 21 > Check My Work Emal Instructor Save and All work saved. O i Journal Chart of Accounts Instructions Journal 2 come the sting entry for each of the following crud expenses at the end of the current your prefer to the Chart of Accounts for exact word of account Product warranty cost $65.000 tot on the remaining notes owed to Greenwood Co. Assume a 360 day you JOURNAL ALTIC ASUS LABLE COM WO DELET Sub Check My Work Emainstructor Save and Ex All work saved