Parable Transactions Puchmond Company engaped in the following transactions: a. Purchased $40,000 of supplies frem ABC Supplies en Febraary 16. Amount due in full en March 3t. b. Paid for 25% of the purchased merchandise (transaction a) on February 26. c. On March 31, negotiated a payment extension with ABC for the remainder of the balance from the Fetruary 16 purchase by signing a 1 -year, 10% note. d. Borrowed $300,000 on a 10 -month, 8% interest-bearing note on April 30. e. Purchased $78,000 of merchandive on lune 4, Ambunt due in fult on lune 30 . t. Paid for the purchased merchandise (transaction e) on lune 24. g. Received from Haywood, tne, on August 19 a $26,000 deposit against a fotwil selling price of $260,000 for services to be performed for Heywood. the quarter ond the amounts paid repersent both the employee and employer shares (50N each): 1. On December 15, Richmond completed the services ordered by Haywood on August 19. Hurwood's remaining baiance of $234,000 is due on lanuary 31 . Required: 1. Prepare journal entries for these transactions, If an amount box does not require an ertery leave it binki. c. Mar, 31 (Fecerd issuance of note to eover unpald pertion of acebunk payable) d. Apr, 30 (Feccord isswance of note) e. Juhe 4 (Record purchase of inventory on acoount) 1. June 24 (Recerd parment of tupplier) 9. Aug. 19 (ilecend receipt of deposin for services not vet performed) 2. Prepare any adjusting entries necessary at December 31. If an amount box does not require an entry, leave it blank. Dec. 31 (Record accrued interest)