Chapter 10 - Current Liabilities and Payroll following items were selected from among the transactions completed by Aston Martin Ine during The the current year: Apr. 15 Borrowed S225 000 from Audi Company, issuing a 30-day, 6% note for that amount. May Purchased equipment by issuing a $320,000, 180-day note to Spyder Manufactu Co., which discounted the note at the rate of 6% Paid Audi Company the interest due on the note of April 15 and renewed issuing a new 60-day, 8% note for $225,000. (Record both the debit and credit to the notes payable account.) 15 Jul 14 Paid Audi Company the amount due on the note of May 1S Aug. 16 Purchased merchandise on account from Exige Co., $90 Sep. 15 Issued a 45-day, 6% note for $90,000 to Exige Co., on account. Oct. 28 Paid Spyder Manufacturing Co. the amount due on the note of May 1 ,000, terms, n/30. Paid Exige Co. the amount owed on the note of September 1s Purchased store equipment from Gallardo Co. for $450,000, paying $50,000 and issuing a series of twenty 9% notes for $20,000 each, coming due at 45-day intervals. Paid the amount due Gallardo Co. on the first note in the series issued on November s0 Nov. 16 Dec. 16 28 Settled a personal injury lawsuit with a customer for $87,500, to be paid in January Aston Martn Ine: accrued the los in a liationclaims payable acoun Required: Journalize the transactions. 2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year A. Product warranty cost, $26,800. B. Interest on the 19 remaining notes owed to Gallardo Co. Assume a 360-day year GENERAL JOURNAL Page Date Description Post Debit Credit re