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Payable Transactions Richmond Company engaged in the following transactions: a. Purchased $44,000 of supplies from ABC Supplies on February 16. Amount due in full on March 31. b. Paid for 25% of the purchased merchandise (transaction a) en February 26. c. On March 31, negotiated a payment extension with ABC for the remainder of the batance from the february 16 purchase by signing a 1 -year, 106 note. d. Borrowed $300,000 on a 10-month, 8% interest-bearing note on Apeil 30 . e. Purchased $78,000 of merchandise on June 4 . Amount due in fult on June 30. 6. Pail for the purchased merchandise (transaction e) on June 24. 9. Received from Haywood, Inc, on August 19 a $21,000 deposit against a total seling price of $210,000 for services to be performed for Haywood. h. Paid quarterly installments of Social Security and Medicare and individual income tax withholdings, as shown below, on October 15 . The Social Security and Medic were previously recorded as expenses during the cuarter and the amounts paid represent both the employee and employer shares (5ow each): 1. On December 15, Richmond completed the services erdered by Haywood on August 19. Harwood's remaining balance of $189,000 is due on January 31. Required: d. Apr. 30 Cash Notes Payable (Record issuance of note) e. June 4 Inventory Accounts Payable 78,000 (Record purchase of inventory on account) 78,000 f. June 24 Accounts Payable Cash 78,000 (Record payment of supplier) 78,000 9. Aug. 19 \begin{tabular}{l} Cash \\ Unearned Service Revenue \\ \hline 21,000 \\ \hline \end{tabular} (Record receipt of deposit for services not yet performed) h. Oct. 15 Social Security taxes Payable (Employee) Socal Security taxes Payable (Employer) 185,000 Medicare Taxes Payable (Employee) * Medicare Taxes Payable (Employer) Federal Income taxes Withholding Payable Cash (Record employer payroll taxes) 1. Dec. 15 Accounts Receivable 189,000 Service Revenue 189,000 (Record receipt of deposit for services not yet performed) 2. Prepare any adjusting entries necessary at December 31. If an amount box does not require an entry, leave it blank. Dec. 31 (Record accrued interest)

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