The following transactions were entered into by the Dewey Appliance Company during the month of December. A. The Company recorded cash sales of $621,000 during December. This amount includes 8% sales tax that must be remitted to the state by the 15 th of the following month. B. On December 10, the Company borrowed $100,000 from the Strauss Company. The loan carries a 12% interest rate, is due in one year, and interest is due when the note is paid. C. On December 15, the Company purchased a delivery truck for $45,000, paying $10,000 in cash and signing a one-year, 15% note for the balance. Instructions: a. Prepare journal entries for the transactions listed above. b. Assuming Dewey's year-end is December 31, prepare adjusting journal entries for the transactions which require adjustment