The following transactions of Drumheller Technology of Calgary, Alberta, occurred during 2013 and 2014. The company's year end is December 31. Purchased a machine for exist66,000 plus 5-percent GST, signing a six-month, 3-percent note payable. Recorded the month's sales of Sales exist134, 500, one-quarters on credit. All sales amounts are subject to 5-percent GST, to be calculated on the sales of exist134, 500. Paid March's GST to the Receiver General. Borrowed exist75,000 with a 5-percent note payable that calls for annual installment payments of exist15,000 principal plus interest. Paid the six-month, 3-percent note at maturity. Purchased inventory at a cost of 525,000 plus GST, signing a 5-percent, six-month note payable for that amount. Accrued warranty expense, which is estimated at 3 percent of annual sales of exist1, 445,000. Accrued interest on all outstanding notes payable. Make a separate interest accrual entry for each note payable. Paid off the 5-percent inventory, note, plus interest, at maturity Paid off the 5-percent inventory for one year on the long-term note payable