recod liability related transactions

P7-49B Assume that the following transactions of Sleuth Book Store occurred during 2020 and 2021: 2020 Jan Purchased store fixtures at a cost of $50,000, signing an 8%, six-month note for that amount. 9 June 30 Borrowed $200,000 on a 9% note that calls for annual instalment payments of $50,000 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable, Pald the six-month, 8% note at maturity, July 9 Dec. Accrued warranty expense, which is estimated at 3% of sales of $600,000. 31 95 # ENG 0: ** 2021 Paid the six-month, 8% note at maturity. July 9 Accrued warranty expense, which is estimated at 3% of sales of $600,000. Dec. 31 Accrued interest on the outstanding note payable. 31 2021 Paid the first instalment and interest for one year on the outstanding note June Paidat 30 payable