Assume that the following transactions of Sleuth Book Store occurred during 2020 and 2021:

{Requirement}
Record the transactions in the company's journal. Explanations are not required.

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2020 Jan. 9 June 30 July 9 Dec. 31 2021 Purchased store fixtures at a cost of $50,000, signing an 8%, six-month note for that amount. Borrowed $200,000 on a 9% note that calls for annual instalment payments of $50,000 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. Paid the six-month, 8% note at maturity. Accrued warranty expense, which is estimated at 3% of sales of $600,000. 31 Accrued interest on the outstanding note payable. June 30 Paid the first instalment and interest for one year on the outstanding note payable.