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The following transactions of Bassoon Music Company occurred during 2020 and 2021: (Click the icon to view the transactions.) Requirement Record the transactions in Bassoon's journal. Explanations are not required. Requirement. Record the transactions in Bassoon's journal. (Record debits first, then credits. Explanations are not required.) Purchased a Steinway piano inventory) for $41,000, signing a six-month, 12% note. Date Accounts Debit Credit Mar 3, 2020 Borrowed $53,000 on a 14% note payable that calls for annual instalment payments of $26,500 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. Date Accounts Debit Credit Apr. 30, 2020 x Transactions 2020 Mar. 3 Purchased a Steinway piano (inventory) for $41,000, signing a six-month, 12% note. Apr. 30 Borrowed $53,000 on a 14% note payable that calls for annual instalment payments of $26,500 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. Sep.3 Paid the six-month, 12% note at maturity. Dec. 31 Accrued warranty expense, which is estimated at 2.5% of sales of $199,000. Dec. 31 Accrued interest on the outstanding note payable. 2021 Apr. 30 Paid the first instalment plus interest for one year on the outstanding note payable. Print Done Paid the six-month, 12% note at maturity. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Date Accounts Debit Credit Sep. 3, 2020 Accrued warranty expense, which is estimated at 2.5% of sales of $199,000. Date Accounts Debit Credit Dec. 31, 2020 Accrued interest on the outstanding note payable. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Date Accounts Debit Credit Dec. 31, 2020 Paid the first instalment plus interest for one year on the outstanding note payable. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Date Accounts Debit Credit Apr. 30, 2021