Transaction Assets Liabilities Equity Short-term note payable issued for property Accrual of wages Receipt of cash related to a one-year magazine subscription (before the subscription begins) Cash sale that includes collection of sales tax. Assume the company records sales using the net method. Accrual of warranty costs at the time of sale using the accrual method Long-term note payable issued for cash Long-term note payable issued for expenses (to pay salaries, rent, etc). Payment of interest - not previously accrued (assume the bond was issued at a premium on January 1 and pays interest annually on December 31)