Payable Transactions Daniels Company engaged in the following transactions during 2022: Purchased $450,000 of supplies from XYZ Supplies on January 26. Amount due in full on February 28. Paid for 40% of the purchased supplies (transaction a) on February 26. On February 28 negotiated a payment extension with XYZ for the remainder of the balance from the January 26 purchase by signing a one-year, 8% note. Borrowed $300,000 on an eight-month, 9% interest-bearing note on July 31. Purchased $150,000 of