Q.4 The following items were selected from among the transactions completed by Made Rite Products Co. during the current year: Feb. 15. Purchased merchandise on account from Ralph Co., $30,000, terms n/30. Mar. 17. Issued a 30-day, 5% note for $30,000 to Ralph Co., on account Apr. 16. Paid Ralph Co. the amount owed on the note of March 17. July 15. Borrowed $40,000 from Security Bank, issuing a 90-day, 6% note. July 25. Purchased tools from Sun Supply Co and issued a $45,000, 120-day note who discounted the note at the rate of 7%. Oct. 13. Paid Security Bank the interest due on the note of July 15 and renewed the loan by issuing a new 30- day, 9% note for $40,000. Required: M-06 Journalize the above transactions