Liabelty Transactians The follawing iteins were selected from among the transactions completed by ODonnal Co. during the current vear: tan. 10. Parchased merchandise on account from Laine Co. 5144,000 , terms n/30. Feb. 9. 1ssued a 30-day, Bp, note for 5144,000 to Laine co., an account. Mat: 11. Paid Laine Co, the amount owed on the note of February 9. May 1. Borrowed 9166 , Bo0 froen Tabata Bank, issuing a 45 -dey, 9 es note. June 1. Purchased tooks by issuing a $75,000,60-toy note to Gibala Co. which discounted the note at the rate of 6%5. 15. Paid Tabata Eank the interest due on the note of May 1 and renewed the loar: by lssuing a new 45.day, 7he note for $166,800. (Journalize both the debit a credit to the notes payable account.) July 30 . Pald Tabata bank the amount due on the fote of June 15 . 30. Paid Gibala Co, the amount due on the note of June 1 . Dec. 1. Purchased office equipment from Warick Co. for $96,000, paying $16,000 an issuing a series of ten 5% notes for $5,000 each, coming due at 30 day interyals: 15. Settled a product liabilly lawsuit with a customer for $76,000, payable in January. O'Donnel accrued the loss in a litigation clairrs payable account, 31. Paid the amount due Warick Co. on the first note in the series issued on Decernber. 1. Requiredt 1. Journalize the transactions. If an amount box does not require an entry, leave it blank. Assume a 360 -day year. Don't round the intermediate calculations and round the final answers to the nearest dollar amount. For a compound transaction, accounts should be listed largest to smallest. 3 more Check My Work uses remaining. 2. end of the current year: (a) product warranty cost, 515,200; (0) interest on the nine 2. Journalize the adjusting entry for each of the followisg accrued expenses at the end of the current year: (a) product warranty cost, 515,200 ; (D) interent an the nine remaining notes owed to warick Co. Assume a 360 -day yeac, Round your answers to the nearest dollar amaunt