Payable Trentsactions Richmond Company engaged in the following transactions: a. Purchased $16,000 of supplies from ABC Supplies on February 16. Amount due in full on March 31. b. Poid for 25% of the purchesed merchendise (transaction a) on February 26. c. On Morch 31, negotiated a payment extension with ABC for the remainder of the balance from the February 16 purchase by signing a 1 -vear, 10 hin note d. Berrowed $300,000 on o 10 -month, 8% interest-beoring note on April 30. e. Purchased $78,000 of merchandise on June 4. Amount due in full on June 30 . f. Paid for the purchased merchandise (transaction e) on lune 24 . a. Received from Hawrood, Inc, on August 19 a $26,000 deposit egainst a total selling price of $260,000 for services to be performed for Haywood. h. Paid quarteriy installments of Social Security and Medicare and individual income tax withholdings, as shown below, on October 15 . The 5ocial Security andiMedicare were previousiy recorded as expenses during the quarter and the omounts paid ropresent both the employee and employer shares (5096 each): 1. On December 15, Richmend completed the services ordered by Haynood on August 19. Haywood's remaining belance of $234,000 is due on January 31 Required: 1. Prepare journal entres for these transactions. If an amount box does not requirs an entry, leave it blank. b. Feb. 26 (Record partial payment of supplier) c. Mar31 (Record issuance of note to cover unpaid partion of account payable) d. Ap. 30 (Record issuance of note) e. June 4 (Record purchase of inventory on sccount) t. June 24 (Record parment of supplier) 0. Asg. 19 (Record receipt of deposit for services not yet performed) h. Oct 15 2. Prepare ony adjusting entries necessary at Decomber 31. If an amount box does not require an entry, leave it blank. Dec 31 (Record accrued interest)