Problem 8-73A (Algorithmic) Payable Transactions Richmond Company engaged in the following transactions during 2013: a. Purchased $36,000 of supplies from ABC Supplies on 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 negotiated a payment extension with ABC for the remainder of the balance 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. f. aid for the purchased merchandise (transaction e) on June 24. g. Received from Haywood, Inc., on August 19 a $21,000 deposit against a total selling price of $210,000 for services to be performed for Haywood. h. Paid quarterly installments of Social Security and Medicare and individual income tax withholdings, as shown below, on October 15. The Social Security and Medicare were previously recorded as expenses during the quarter and the amounts paid represent both the employee and employer shares (50% each): $185,000 Social Security taxes Medicare taxes 43,266 319,000 Income taxes withheld December 15, Richmond completed the services ordered by Ha on August 19. Haywood's remaining balance of On $189,000 is due on January 31. Required