Liability Transactions The following items were selected from among the transactions completed by O Donnel Co. during the current years Jan. 10. Purchased merchandise on account from Laine Co., $144,000, terms 1/30 Feb. 9. Issued a 30-day, 8% note for $144,000 to Laine Co., on account. Mar. 11. Pald Laine Co. the amount owed on the note of February 9. May 1. Borrowed $133,200 from Tabata Bank, Issuing a 45-day, 9% note. June 1. Purchased tools by issuing a $87,000, 60-day note to Gibala Co., which discounted the note at the rate of 7%. 15. Paid Tabata Bank the interest due on the note of May I and renewed the loan by issuing new 45-day, 7% note for $133,200. (Journalize both the debit and credit to the notes Dayable account.) July 30. Paid Tabata Bank the amount due on the note of June 15. 30. Paid Gibals Co, the amount due on the note of June 1. Dec. 1. Purchased office equipment from Warick Co. for $100.000, paying 118.000 and issuing a series of ten 5 notes for $9,000 each, coming due at 30-day interval 15. Settied product liability lawsuit with a customer for $60,000, pavable January, on accrued the loss in a wigation claims payable account 31. Paid the amount due Warick Co, on the first not in the sones issued on December Required: 1. Journalize the transactions. If an amount box does not require entry leave it bank Asume 360 day var, borronathadone allations and round the final answers to the nearest dollar amount For a compound transaction, accounts should be listed largest to smallest Check My Work 5 more. Check My Works remaining Previous Ned 09OOR Show Me How Printem Dec 1 Dec 15 Dec 31 2. Joumalize the adjusting entry for each of the following accrued expenses at the end of the current year() product warranty cost, 115,600 (b) interest on the nine remaining notes owed to Warick Co. Assume a 360-day year. Round your answers to the nearest dollar amount Item Account Debit Credit