The following transactions of Smooth Sounds Music Company occurred during 2014 and 2015: Ea ick the icon to view the transactions.) Required Record the transactions in Smooth Sounds's journal. Explanations are not required. Requirement. Record the transactions in Smooth Sounds's journal. (Record debits first, then credits. Explanations are not required.) Purchased a Steinway piano (inventory) for $40,000, signing a six-month, 5% note. Journal Entry Date Accounts Debit Credit 2014 3 Inventory 40,000 Mary 40,000 Notes Payable, Short-term