The following transactions of Happy Bands Music Company occurred during 2016 and 2017: A (Click the

The following transactions of Happy Bands Music Company occurred during 2016 and 2017: A (Click the icon to view the transactions.) Requirement 1. Record the transactions in Happy Bands journal. Explanations are not required. Mar 3: Purchased a piano (inventory) for $35,000, signing a six-month, 6% note payable. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Debit Credit Date 2016 Mar Choose from any list or enter any number in the input fields and then continue to the next question, Transactions 2016 Mar May mal entries. 3 Purchased a piano (inventory) for $35,000, signing a six-month, 6% note payable. 31 Borrowed $85,000 on a 4% note payable that calls for annual installment payments of $14,167 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. 3 Paid the six-month, 6% note at maturity. 31 Accrued warranty expense, which is estimated at 3.5% of sales of $199,000 31 Accrued interest on the outstanding note payable. Sep Dec 2017 May 31 Paid the first installment and interest for one year on the outstanding note payable. Print Print Done ] Done

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