i need to solve this homework journal... this is all the information for it. make sure to insert all dates, descriptions debit and credit...

Instructions Chart of Accounts Journal Instructions The following items were selected from among the transactions completed by Sherwood Co. during the current year: Mar. Apr. Jun. 1 Jul 1 16 1 Purchased merchandise on account from Kirkwood Co., $225,000, terms n/30. 31 issued a 30-day, 8% note for $225,000 to Kirkwood Co. on account. 30 Paid Kirkwood Co. the amount owed on the note of March 31. Borrowed S600,000 trom Triple Creek Bank, issuing a 45-day, 6% note. Purchased tools by issuing a $50,000, 60-day note to Poutin Co., which discounted the note at the rate of 6% Paid Triple Croek Bank the interest due on the note of June 1 and renewed the loan by issuing a new 30-day, 7% 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 $280,000, paying $80,000 cash and issuing a series of ten 9% notes for $20,000 each coming due at 30-day intervals. Settled a product liability towsuit with a customer for $40,000, payable in January, Accrued the loss in a litigation claims payable account. Aug 15 30 Dec 1 22 ucun CLOUD UUU Instructions Aug. 15 30 Dec 1 30-day, 7% note for $600,000. (Journalize both the debit and credit to the notes payable account.) Paid Triple Creek Bank the amount duo on the note of July 16. Paid Poulin Co. the amount due on the note of July 1. Purchased equipment from Greenwood Co for $280,000, paying $80,000 cash and issuing a series of ton 9% notes for $20,000 each, coming due at 30-day intervals. 22 Sottled a product lability lawsuit with a customer for $40,000, payable in January. Accrued the loss in a litigation claims payable account Paid the amount due to Greenwood Co. on the first note in the series issued on December 1. 31 Required: 1. Joumalize the transactions, Peder to the Chart of Accounts for exact wording of account titles, Assume a 300-day year. 2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact wording of account titles) a. Product warranty cost, $65,000 D. Interest on the wine remaining notes owed to Greenwood Co. Assume a 360 day you Journal Instructions Chart of Accounts CHART OF ACCOUNTS Sherwood Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Accounts Receivable 610 Interest Revenue 112 Interest Receivable EXPENSES 113 Notes Receivable 115 Inventory 116 Supplies 510 Cost of Goods Sold 520 Salaries Expense 118 Prepaid Insurance 524 Depreciation Expense-Building 120 Land 123 Building 124 Accumulated Depreciation-Building 125 Office Equipment 525 Delivery Expense 526 Repairs Expense 529 Selling Expenses 531 Rent Expense eck My Work Instructions Chart of Accounts ! Journal Chart of Accounts 125 Office Equipment 126 Accumulated Depreciation Office Equipment 127 Tools 531 Rent Expense 532 Depreciation Expense-Office Equipment 533 Depreciation Expense-Tools 534 Insurance Expense 535 Supplies Expense 536 Payroll Tax Expense 128 Accumulated Depreciation-Tools 537 Vacation Pay Expense 538 Pension Expense 539 Cash Short and Over LIABILITIES 210 Accounts Payable Kirkwood Co. 211 Accounts Payable-Greenwood Co. 212 Accounts Payable-Poulin Co. 213 Interest Payable 214 Notes Payable 215 Salaries Payable 216 Social Security Tax Payable 217 Medicare Tax Payable 218 Employees Federal Income Tax Payable 219 Employees State Income Tax Payable 540 Product Warranty Expense 541 Miscellaneous Expense 710 Interest Expense 720 Litigation Loss Instructions Chart of Accounts | Journal Chart of Accounts 219 Employees State Income Tax Payable 220 Group Insurance Payable 221 Bond Deductions Payable 224 Federal Unemployment Tax Payable 225 State Unemployment Tax Payable 226 Vacation Pay Payable 227 Unfunded Pension Liability 228 Product Warranty Payable 229 Litigation Claims Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Jouma 1. Joumalize the reactions. Refer to the Chart of Accounts for exact wording of account thes. Assume a 300-day your Scroll down to access page 12 of the joumat, Question not attempted PAGE 1 JOURNAL Score: 0/360 ACCOUNTING EQUATION DESCRIPTION DET POST. REF CREDIT DATE EQUITY 1 2 3 . 1 Previous Nex Instructions Chart of Accounts Journal Journal Shaded cells have feedback 10 11 12 11 14 15 16 17 11 13 20 2 Instructions Chart of Accounts Journal Journal Shaded cols have feedback 21 22 21 34 * $ 1 Points: 0/69 2. Joumalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact