Requirement 1. Record the transactions in the company's journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round amounts to the nearest whole dollar.) Journal Entry 0 More Info 2018 Feb 3 28 Mar Apr 7 30 Purchased equipment for $7,000, signing a six-month, 8% note payable. Recorded the week's sales of $72,000, one-third for cash, and two-thirds on account. All sales amounts are subject to a 3% sales tax. Ignore cost of goods sold. Sent last week's sales tax to the state. Borrowed $100,000 on a four-year, 9% note payable that calls for annual payment of interest each April 30. Paid the six-month, 8% note at maturity. Purchased inventory at a cost of $8,400, signing a three-month, 5% note payable for that amount Accrued warranty expense, which is estimated at 4.0% of total sales of $790,000 Accrued interest on all outstanding notes payable. Accrued interest for each note separately. Aug Nov 3 30 Dec 31 31 2019 Feb 28 Apr 30 Paid off the 5% inventory note, plus interest, at maturity. Paid the interest for one year on the long-term note payable