Jability Trisnsactions The following ltems were selected from among the transactions completed by ODonnel Co. during the current year: 3on, 10 . Purchased merchandise on account from Laine Co. 5144,000, terms n/30. Feb. 9, 1soued a 30-day, 6\% note lor 5144,000 to Laine Co on bccount. Mar. 11. Paid Laine Co. the amount owed on the note of Fobruary 9 . May 1. Borrowed $158,400 from Tabata Bank, issuing a 45-day, 74, note. June 1. Purchased tools by issuing a 584,600,60-dary note to Gibala co. which discounted the note at the rate of 6%6. 15. Paid Tobata Bank the interest due on the note of May 1 and rentwed the loan by issuing a new 45 -day, 7% note for 5158,400 . (Journalize both the debit and credit to the notes payable account.) July 30. Paid Tobata bank the amount due on the note of June 15. 30. Pald Gibals Co, the atrount due on the note of June 1. Dec. 1. Purchased office equipment from Warick.Co. for $96,009, paylng $16,000 and issuing a series of ten 5 po notes for $8,000 each, coming due at 30 -day intervals. 15. Settled a product liability lawsuit with a customer for 561,000 , payable in Jenuary. 9 Donnel acorved the loss in a aliggetion daims payable account 31. Paid the amount due Warick Co, on the first note in the series issved on December 1 . Reguired: 1. 3oumalize the transactions, if an anount box does not require an entry, leave it blank, Assume a 360-day year, Don't round the intermediate caleufations and round the final ansiners to the nearest dolisr amount. \begin{tabular}{|} \hline Date \\ \hline Jan. 10 \\ Feb. 9 \end{tabular} Mar. 11 May 1 June 1 June 15 July 30 July 30 Dec. 1 Dec. 15 2. Journblize the adjugting entry for ebch of the following scerved expenses at the end of the current rear. (s) product warranty cost, 315 , 20o) (b) interest an the nise remaining hotet awed to Warlek Co. Assume a 360-dwy year. Aound your answers to the nearest dollar amount