The following transactions of Saxophone Music Company occurred during 2020 and 2021: (Click the icon to view the transactions.) Requirement Record the transactions in Saxophone's journal. Explanations are not required. Requirement. Record the transactions in Saxophone's journal. (Record debits first, then credits. Explanations are not req Purchased a Steinway piano (inventory) for $40,500, signing a six-month, 5% note Mar Date 2020 Journal Entry Accounts Debit Credit Borrowed $50.500 on a 11% note payable that calls for annual instalment payments of $25 250 principal plus interest. Record the shr Choose from any list or enter an Journal Entry annua Transactions 2020 Mar Apr. Sep. Dec. 2021 Apr. 3 Purchased a Steinway piano (inventory) for $40,500, signing a six-month, 5% note. 30 Borrowed $50,500 on a 11% note payable that calls for annual instalment payments of $25,250 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. 3 Paid the six-month, 5% note at maturity. 31 Accrued warranty expense, which is estimated at 2.5% of sales of $193,000. 31 Accrued interest on the outstanding note payable. 30 Paid the first instalment plus interest for one year on the outstanding note payable. Print Done X count from