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July 5 Issued a $3,500 note to Roma Ceramic Inc. The 10%, 60-day note is in full payment of an account payable. 9 Borrowed $5,000

July 5 Issued a $3,500 note to Roma Ceramic Inc. The 10%, 60-day note is in full payment of an account payable.
9 Borrowed $5,000 from the bank signing a 6%, 90-day note.
11 Paid $500 cash and issued a $2,000, 8% 30-day note to Design Center in payment of an account payable.
Aug. 5 Borrowed $3,600 for 30 days from the bank on a non-interest-bearing note. The discount rate is 10%.
Sept. 3 Paid the principal and interest due on the $3,500 note to Roma Ceramic Inc.
Oct. 3

Paid the interest due on the $5,000 note to the bank and renewed the principal for 30 days at 7%.

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