The January 1, Year 1 trial balance for the Mitchell Company is found on the trial balance tab. The beginning balances are assumed. Lewis Co. entered into the following transactions involving short-term liabilities. (Use 360 days a year.) Year 1 Apr. May July Aug Nov. Nov. Dec. 20 Purchased $50,250 of merchandise on credit from Brown, terms n/30. 19 Replaced the April 20 account payable to Brown with a 90-day, 10%, $39,000 note payable along with paying $11, 250 in cash. 8 Borrowed $105,000 cash from AKR Bank by signing a 120-day, 6%, $105,000 note payable. 17 Paid the amount due on the note to Brown at the maturity date. 5 Paid the amount due on the note to AKR Bank at the maturity date. 28 Borrowed $63,000 cash from Rochester Bank by signing a 60-day, 12%, $63,000 note payable. 31 Recorded an adjusting entry for accrued interest on the note to Rochester Bank. Year 2 Jan. 27 Paid the amount due on the note to Rochester Bank at the maturity date. Apr. 20. Purchased $50,250 of merchandise on credit from Brown, terms n/30. Lewis uses the perpetual inventory system. Note: Enter debits before credits. Date Account Title Debit Credit Apr 20 May 19. Replaced the April 20 account payable to Brown with a 90-day, $39,000 note bearing 10% annual interest along with paying $11,250 in cash. Note: Enter debits before credits. Date Account Title Debit Credit May 19 Jul. 8. Borrowed $105,000 cash from AKR Bank by signing a 120-day, 6% interest-bearing note with a face value of $105,000. ote: Enter debits before credits. Date Account Title Debit Credit Jul 08 Aug. 17. Paid the amount due on the note to Brown at the maturity date. Note: Enter debits before credits. Date Account Title Debit Credit Aug 17 Nov. 5. Paid the amount due on the note to AKR Bank at the maturity date. Note: Enter debits before credits. Date Account Title Debit Credit Nov 05 Nov. 28. Borrowed $63,000 cash from Rochester Bank by signing a 60-day, 12% interest-bearing note with a face value of $63,000. Note: Enter debits before credits. Date Account Title Debit Credit Nov 28 Dec. 31 Recorded an adjusting entry for accrued interest on the note to Rochester Bank. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31