Feb. 25. Purchased merchandise on account from Kirkwood Co., 144,000. temm r/30. Mar. 17. 1ssued a 60-day, 7\% note for $144,000 to Kirkwood Co. on account. May 16. Paid Kirkwood Co. the amount owed on the note of March 17. June 15. Borrowed $174,000 from Triple Creek Bank, issuing a 60-day, 8% note. July 21. Purchased tools by issuing a $84,000,90-day note to poutin Co. which discounted the note at the rate of 9% Aug. 14. Paid Triple Creek Bank the interent due on the note of June 15 and renewed the loan by issuing anew 60 -day, 10% note for \$174,000. (Joumalize both the debit and credit to the noter payable account? Oct. 13. Paid Triple Oreek Bank the amount due on the note of August 14. Oct. 19. Paid poulin Co. the amount due on the note of July 21. Dec. 1. Purchased equipment from Greenwood Co, for $120,000, paying $20,000cach and issuing a series of ten 6% notes for $10,000 each, coming due at 30 -day intervats. Dec. 12. Settled a product liability lawsuit with a customer for $75,000, payable in January. Accrued the Ioss in a litigation claime payable account. Dec. 31. Paid the amount due to Greemwood Co. on the first note in the series issued on Docember 1. Required: 1. Journalize the transacbons. If an amount box does not require an entry, leave it blank, Assume a 360 - day year, Do not round intermediate caiculations. Wh required, round your final answers to one decimal olaces. required, round your final answers to one decimal places. \begin{tabular}{|r|} \hline Date \\ \hline Feb. 15 \\ Mar. 17 \\ \hline \end{tabular} Mar. 17 May 16 June 15 July 21 Aug. 14 Oct. 13 2. Journalize the adjusting entry for each of the following accrued ecpenses at the end of the current yeart: (a) remaining notes oved to Greenwood Co. Feb. 25. Purchased merchandise on account from Kirkwood Co., 144,000. temm r/30. Mar. 17. 1ssued a 60-day, 7\% note for $144,000 to Kirkwood Co. on account. May 16. Paid Kirkwood Co. the amount owed on the note of March 17. June 15. Borrowed $174,000 from Triple Creek Bank, issuing a 60-day, 8% note. July 21. Purchased tools by issuing a $84,000,90-day note to poutin Co. which discounted the note at the rate of 9% Aug. 14. Paid Triple Creek Bank the interent due on the note of June 15 and renewed the loan by issuing anew 60 -day, 10% note for \$174,000. (Joumalize both the debit and credit to the noter payable account? Oct. 13. Paid Triple Oreek Bank the amount due on the note of August 14. Oct. 19. Paid poulin Co. the amount due on the note of July 21. Dec. 1. Purchased equipment from Greenwood Co, for $120,000, paying $20,000cach and issuing a series of ten 6% notes for $10,000 each, coming due at 30 -day intervats. Dec. 12. Settled a product liability lawsuit with a customer for $75,000, payable in January. Accrued the Ioss in a litigation claime payable account. Dec. 31. Paid the amount due to Greemwood Co. on the first note in the series issued on Docember 1. Required: 1. Journalize the transacbons. If an amount box does not require an entry, leave it blank, Assume a 360 - day year, Do not round intermediate caiculations. Wh required, round your final answers to one decimal olaces. required, round your final answers to one decimal places. \begin{tabular}{|r|} \hline Date \\ \hline Feb. 15 \\ Mar. 17 \\ \hline \end{tabular} Mar. 17 May 16 June 15 July 21 Aug. 14 Oct. 13 2. Journalize the adjusting entry for each of the following accrued ecpenses at the end of the current yeart: (a) remaining notes oved to Greenwood Co
