Problem 8-75A (Algorithmic) Payable Transactions Richmond Company engaged in the following transactions during 2022: a. Purchased $12,000 of supplies from ABC Supplies on February 16. Amount due in full on March 31. b. Paid for 25% of the purchased supplies (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 one-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. Paid for the purchased merchandise (transaction e) on June 24. g. Received 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. On December 15, Richmond completed the services ordered by Haywood on August 19. Haywood's remaining balance of $216,000 is due on January 31. Required: 1. Prepare journal entries for these transactions. For those boxes in which no entry is required, leave the box blank.