Liability Transactions Show Me How Print Item The following items were selected from among the transactions completed by Shin Co. during the current ye Jan. 10. Purchased merchandise on account from Beckham Co., $144,000, terms n/30. Feb. 9. Issued a 30-day, 7% note for $144,000 to Beckham Co., on account. Mar. 11. Paid Beckham Co. the amount owed on the note of February 9. May 1. Borrowed $153,600 from Verity Bank, issuing a 45-day, 8% note. June 1. Purchased tools by issuing a $72,000, 60-day note to Rassmuessen Co., which discounted the note at the rate of 6%. 15. Paid Verity Bank the interest due on the note of May 1 and renewed the loan by issuing a new 45-day, 7% note for $153,600. (Journalize both the debit and credit to the notes payable account.) July 30. Paid Verity Bank the amount due on the note of June 15. 30. Paid Rassmuessen Co. the amount due on the note of June 1. Dec. 1. Purchased office equipment from Lambert Co. for $96,000, paying $16,000 and issuing a series of ten 5% notes for $8,000 each, coming due at 30-day intervals. 15. Settled a product liability lawsuit with a customer for $72,000, payable in January. Shin accrued the loss in a litigation claims payable account. 31. Paid the amount due Lambert Co, on the first note in the series issued on December 1. quired: 1. Soumale the transactions. Tas amount box does not require an extreme day yearDont round the intermediate calculations and round the final answers to the nusrest dollar amount Per compoundstion, cut should be dangetto allest Date Account Debit Credit an 10 Feb Mar 11 May