Selected transactions of Taylor Company, completed during the fiscal year ended December $31,$ are as follows:

Mar. $1.$ Purchased merchandise on account from Kelvin Co$.,$ $$20,000.$

Apr. $10.$ Issued a $60-$day, $12\%$ note for $$20,000$ to Kelvin Co$.$ on account.

June $9.$ Paid Kelvin Co$.$ the amount owed on the note of April $10.$

Aug. $1.$ Issued a $$50,000,90-$day note to Harold Co$.$ in exchange for a building. Harold Co$.$ discounted the note at $15\%.$

Oct. $30.$ Paid Harold Co$.$ the amount due on the note of August $1.$

Dec. $27.$ Journalized the entry to record the biweekly payroll. A summary of the payroll record follows:

$\backslash$table$[[$Salary distribution:$],[$Sales$,$$$63,400,],[$Officers$,36,600,],[$Office$,10,000,$$$110,000$