Practical Question 1: Journalize the following liability transactions

a. Feb 15 Issued a 90 day, 12% interest bearing note for $20,000 to Heritage Bank for a loan.

b. Apr 16 Purchased a $45,000 motor vehicle from Bravo Motors, issuing a 5%, 120-day discounted note payable.

c. ________ Paid Heritage Bank. State maturity date.

d. ________ Paid Bravo Motors. State maturity date.