The following transactions took place during 2003 for Riel Pots and Pans Company: Aug. 1 Dec. 1 Dec. 24 Dec. 31 Borrowed $10,000 cash from the Hong Kong Bank by issuing a $10,000, 8-month, 9%, note. Borrowed $20,000 cash from the First Financial Credit Union by issuing a 6-month, 10% note. Determined from cash register readings that sales were $24,000 and GST was $1,680. Determined that it is likely that 400 units sold under warranty will be defective and that warranty repair costs will average $20 per unit. No warranty entries have been recorded during the year. Instructions (a) Journalize the transactions above. (b) Prepare the adjusting entries for the two notes at December 31, 2003. (c) Record interest expense and payment of the two notes in 2004 at their maturity dates.