Warren Plastic LLC complete these transactions in year 1 and year 2. Give genera

Warren Plastic LLC complete these transactions in year 1 and year 2. Give general journal entries for them.date yr2/2 1 Purchased equipment for 55000 signed a 4 month note 7.5%.2/28 1 Recorded the months sales of 175000 one-sixth cash five-sixths credit. Sales tax rate is 4.6%3/20 1 Sent Feb. sales tax to the state.6/30 1 Borrowed $153000 on a long-term note 8.75% note payableAnnual interest is to be paid each year on 6-30 starting yr. 2.6/2 1 paid off the note dated 2-02-yr 110/31 1 bought inventory at a cost of 22400. Signed a 5 month 4.5% note.12/31 1 Accrued warranty expense estimated at 1.5% of 550000 of sales12/31 1 Accrued Interest on ALL outstanding notes.3/31 2 Paid off the inventory note at maturity including interest.6/30 2 Paid the annual interest on the 153000 note.Required:Prepare journal entries

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