Mar 1 Purchased merchandise on account from Kirkwood CO0,$215,000, terms n/30. 31 Issued a 30 -day, 6% note for $215,000 to Kirkwood Co. on account Apr. 30 Paid Kiriwood Co the amount owed on the note of March 31. Jun. 1 Borrowed $400,000 from Triple Creek Bank issuing a 45 -day, 8% note. Jul. 1 Purchased tools by issuing a 560,000,60-day note to Poulin c0. Which discounted the note at the rate of 6 \% 15. Paid Triple Creek Bank the inferest due on the pote of June 1 and renewed the loan by issuing a new 30-day 94 note for $400,000 (Journake both the debit and credit to the notes payable account.) Au9 15. Paid Triple Creek Bank the amount due on the note of July 10 . 30 Paid Poulin Co. the amount due on the note of July 1 Dec 1 Purchased equ pment trom Greenwood Co. for $320,000, paying 5120,000 cash and brtuing a secies of ton os notes for $20,000 each, coming due at 30 -day intorvals. 22 Setted a product tiabity lawsuit with a customer for $50.000 oayable in Jarnairy Accrued the lost in a upation claime pwrable account 1. Joumalize the transactions. Assume a 360-day year 2. Journalize the adfusting entry for each or the followng accrued expenses at the end or the currentyear a. Product wananty cost $70,000 b. Interest on the nine remaining notes owed to Greenwood co Assume a 360-coy year 1. Joumalize the transactions Assume a 360-doy year Scroll down to access pege 12 of the joumal