Show Me How items were selected from among the transactions completed by Emerald Bay Stores Co. during the current year Feb. 15. Purchased merchandise on account from Hood Co. $144,000, terms n/30. Mar. 17. Issued a 60-day, 6% rete for S144,000 to Hood Co. on account. May 16. Paid Hood Co. the amount owed on the note of March 17. June 15. Borrowed $153,600 from Acme Bank, issuing 60 day, 7% note. July 21. Purchased tools by issuing a $96.000, 90-day note to Columbia Supply Co, which discounted the note at the rate of Aug. 14. Paid Acrne Bark the interest due on the note of June 15 and rene ed the loan by issuing rew 60-day, 10% note for $153.600. (ournalize both the debit and credit to the notes payable account.) Oct. 13. Paid Acme Bank the amount due on the note of August 14 Oct. 19. Paid Columbia Supply Co. the amount due on the note of July 21 1. Purchased office eqvioment from Mountain Equipment Co. for $120.000, paying sz0,000 and issuing 120.000, paying $20,000 and issuing a series of ten 6% notes for $10,000 each, coming due at 30-day intervals. Dec. 12. Settled a product liability lnsuit with a customer for $58.000, payable in January. Emerald Bay accrued the loss in a litigation claims payable account amount due Mountain Equipment Co. on the first note in the series issued on December 1 Required the transactions. If an amount box does not require an entry, leavwe it blank Assume a 360-day year if required, round to one decimal place For a compound transaction, accounts should be listed largest to smalest Credit Feb. 15 144,000 Accounts Payable-Hood Co.v 144,000 Mar. 17 Payable Hood Co. 144,000 Notes Payable 44,000 16 Notes Payable 144,000 Interest Expense uly 21 Check My Work All work saved