Richmond Compeny engaged in the following transactions: s. Purchased $48,000 of supplies from ABC Supplies on February 16. Amount due in full on March 31. b. Paid for 25% of the purchased merchandise (transaction a) on February 26. c. On March 31, negotiated a payment extension with ABC for the remainder of the baiance from the February 16 purchase by signing a 1 -year, 10% no 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. 9. Received from Haywood, Inc, on August 19 a $29,000 deposit against a total selling price of $290,000 for services to be performed for Haywood. h. Paid quarterly installments of Social Security and Medicare and individual income tax withholdings, as shown beiow, on October 15 . The Social Securi quarter and the amounts paid represent both the employee and employer shares ( 50% each): r Check My Work a) Record purchase of supplies on account. b) Record cash payment. c) Record transfer of accounts payable to notes payable. d) Record cash received as part of loan. e) Record purchase of inventory on account. f) Record cash payment. 9) Record cash received for services not yet performed. h) Record payment of taxes to taxing authorities. i) Completed services from part g. 2. Prepare any adjusting entries necessary at December 31 . If an amount box does not require an entry, leave it blank. Dec. 31 x x (Record accrued interest)