Payable Transactions Rechmond Company engaged in the following transactions: a. Purchased \$28,000 of supplies from ABC 5upplies en February 16. Amount due in full on March 31. b. Paid for 25% of the purchased merchandise (transaction a) on February 26. C. On March 31, hepotisted a payment extension with ABC for the remainder of the batance from the February 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 merchandise on June 4. Amount due in full on June 30 . t. Paid for the purchased merchandise (transaction e) on June 24. 9. Recelved from Haywood, Inc, on August 19 a $24,000 deposit against a total selling price of $240,000 for services to be performed for Haywood. h. Paid quarterfy installments of Social Security and Medicare and individual income tax withholdings, as shown below, on October 15 . The Sociat Security and Medic were previoushy reconded as expenses during the quarter and the amounts paid represent both the employee and employer shares (50\% each)