Mar. 1 Purchased merchandise on account from Galston Co., $360,000, terms n/30. 31 Issued a 30-day, 5% note for $360,000 to Galston Co., on account. Apr. 30 Paid Galston Co. the amount owed on the note of March 31. Jun 1 Borrowed $180,000 from Pilati Bank, Issuing a 45-day, 4% note. Jul. 1 Purchased tools by issuing a $210,000, 60-day note to Zegna Co., which discounted the note at the rate of 7%. Mar. 1 Purchased merchandise on account from Galston Co., $360,000, terms n/30. 31 Issued a 30-day, 5% note for $360,000 to Galston Co., on account. Apr. 30 Paid Galston Co. the amount owed on the note of March 31. Jun 1 Borrowed $180,000 from Pilati Bank, Issuing a 45-day, 4% note. Jul. 1 Purchased tools by issuing a $210,000, 60-day note to Zegna Co., which discounted the note at the rate of 7%