The following items were selected from among the transactions completed by sherwood ca. during the current year: Feb. 15. Purchased merchandise on account from Kirkwood Co., $144,000, terms n/30. Mar, 17. tssued a 60 -day, 8% note for $144,000 to Kirkwood Co, on account. May 16. Paid Kirkwood Co, the amount owed on the note of March 17. June 15. Borrowed $132,000 from Thple Creek Bank, issuing a 60 -day, 9% note. July 21. Purchased tools by issung a $114,000,90-day note to Poulin Coy which discounted the note at the rate of 8%. Aug. 14. Paid Triple Creek Bank the interest due on the note of June 15 and renewed the loan by issung a new 60 -day, 10% note for $132,000. (Journalize both the debit and credit to the notes payable account.) Oct. 13. Paid Thiple Creek Bank the amount due on the note of August 14, Oct. 19, Paid Poulin Co: the amount due on the note of July 21. Dec. 1. Purchased equipment from Greenwood Co. for sizo, 000, paying $20,000 cash and issuing a senes of ten 6% notes for $10,000 each, coming due at 30-day intervals. Dec. 12. Settled o product liabihty lawsut with a customer for $73,000, payable in January. Accrued the loss in a litigation cla ms payable account. Doc. 31, Paid the amount due to Greenwood Co. on the first note in the series issued on December 1. Required: 1. Joumalize the transactions, If an amount box does not require an entry, leave it blank. Assume a 360-day year. Do not round interm required, round your final answers to one decimal places. 1. Joumalize the transactions. If an amount box does not require an entry, leave it blank. Assume a 360 -day year, Do not round intermediate calculations. When required, round your final answers to one decimal places. 2. Joumalize the adjusting entry for each of the following accrued expenses at the end of the current vearr (o) product warrantv cast, 513,600 ; (b) interest on the cine remaining notes owed to Greenwood Co