The following transactions of My Dollar stores occurred during 2010 and 2011:

Requirement 1. Record the transactions in the company’s journal. Explanations are not required.

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2010 Feb 3 28 Mar 7 Purchased equipment for $10,000, signing a six-month, 9% note payable. Recorded the week's sales of $51,000, one-third for cash, and two-thirds on account. All sales amounts are subject to a 5% sales tax. Sent last week's sales tax to the state. Apr 30 Borrowed $100,000 on a four-year, 9% note payable that calls for annual payment of interest each April 30. Aug 3 Nov 30 Paid the six-month, 9% note at maturity. Purchased inventory at a cost of $7,200, signing a three-month, 8% note payable for that amount. Dec 31 Accrued warranty expense, which is estimated at 3% of total sales of $260,000. Accrued interest on all outstanding notes payable. Accrued interest for each note separately. 2011 Feb 28 Paid off the 8% inventory note, plus interest, at maturity. Apr 30 Paid the interest for one year on the long-term note payable.