Southgate Inc. entered into the following transactions involving short-term liabilities during 2014 and 2015. Prepare journal entries to record these transactions for Southgate Inc. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). Round all amounts to the nearest cent. C a. April 20: Borrowed $30,000 from Royal Bank by signing a 8%, 60-day note. b. May 24 : Southgate Inc. purchased merchandise on credit from Bentley Inc., terms 2/10, n/60, $36,000. ? Paid the note to Royal Bank at maturity. d. July 23 : $26,000 cash was paid to Bentley Inc. and the remaining balance of $10,000 was replaced with a 90-day, 11% note. ? Paid the note to Bentley Inc. at maturity. f. December 18 : Borrowed $33,000 from Scotia Bank by signing a 12%, 30-day note. g. December 31: An adjusting entry of the accrual of interest on the note to Scotia Bank was recorded. h. ? The note to Scotia Bank was paid at maturity. e General Journal Account/Explanation Page Gj1 F Debit Credit Date + - + -1 + -1