Make Journal Entries below for the following transactions WATCH THE DATES incl YEAR
1	On Feb 1, 2016 the company borrows $50,000 from the bank at 5% annual interest for 3 years.
2	Interest payments are due every 3 months. Make entry for May 1 , 2016 payment.
3	On Feb 1, 2019 the loan and the final interest are paid. Make the Journal.
4	March 1, Company sells products for a total of $250 and collects sales tax of 9%. Make Journal.
5	March 30, Company pays the sales tax collected in #4 to the state.
6	March 31, company pays payroll expense of $60,000. Deductions from the checks total the
	following: Fed tax $$7,000, State tax $2,000, FICA $4500 and Kaiser health benefits $1200.
	Make the Journal
7	April 1 2016, Company sells 5,000 bonds, each at $1,000. Interest rate is 4% payable every April 1
	Bonds are for 5 years. Make the Journal.							.
8	April 1 2017 pay the interest. Make the Journal.
9	april 1 2021 pay the final interest and retire (pay off) the bonds.