Record the transactions in the journal. (Please see attached).

201 2 Mar 3 Purchased a piano (inventory) for $ 50,000signing a sixmonth, 4% note payable. May 31 Borrowed $75,000 on a 5% note payable that calls for annual installment payments of $15,000 principal plus interest. Record the shortterm note payable in a separate account from the longterm note payable. Sep 3 Paid the sixmonth, 4% note at maturity. Dec 31 Accrued warranty expense, which is estimated at 3.0% of sales of $193,000. 31 Accrued interest on the outstanding note payable. 201 3 May 31 Paid the first installment and interest for one year on the outstanding note payable. Requirement 1. Record the transactions in Smooth Sounds journal. (Record debits first, then credits. Explanations are not required.) *Purchased a piano (inventory) for $50,000, signing a sixmonth, 4% note payable