The following items were selected from among the transactions completed by Sherwood Co, during the current year: Feb. 15. Purchased merchandise on account from Kirkwood Co., $144,000, terms n/30. Mar. 17. Issued a -60-day, 6\% note for 5144,000 to Kirkwood Co, on account. May 16. Pald Kirkwood Co. the amount owed on the note of March 17. June 15. Borrowed $166,800 from Triple Creek Bank, issuing a 60 -day, 7% note. July 21. Purchased tools by issuing a $108,000,90-day note to Poulin Ca, which discounted the note at the rate of 8%. Aug. 14. Pald Triple Creek Bank the interest due on the note of June 15 and renewed the loan by issuing a new 60 -doy, 10\% note for $166,800. (Journalize both the debit and credic to the notes payable account.) Oct. 13. Paid Thiple Creek Bank the omount due on the note of August 14. Oct. 19. Pold Poutin Co. the omount due on the note of July 21. Dec. 1. Purchased equipment from Greenwood Co. for $132,000, poying $22,000 cash and issuing o series of ten 6% notes for $11,000 each, coming due at 30 -day intervals. Dec. 12. Settled a product liability lawsuit with a customer for $76,000, payable in January. Accrued the loss in a litigation claims payabie account. Dec. 31. Paid the amount due to Greenwood Ca. on the first note in the series issued on December 1. Required: 1. Foumhtire the transactions, If an amount, box does not require an entry, leave it blank, Aswume a 360-doy yeor. Do not round interme calculations. When required, round your final answers to one decinal places. 2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current yeat (o) product wartanty cost, on the nine rembining notes owed to Greemwood CO