1. Journalizing liability transactions The following transactions of Philadelphia Pharmacies occurred during 2017 and 2018:

2017

Jan. 9 Purchased computer equipment at a cost of $7,000, signing a six-month, 8% note payable for that amount.

Jan 29 Recorded the weeks sales of $68,000, three-fourths on credit and one-fourth for cash. maturity.

Aug. 31 Purchased merchandise inventory for $3,000, signing a six-month, 10% note payable. The company uses a perpetual inventory system.

Dec. 31 Accrued warranty expense, which is estimated at 2% of sales of $609,000.

Dec 31 Accrued interest on all outstanding notes payable.

2018

Feb. 28 Paid the six-month 10% note, plus interest, at maturity. Requirements:

Journalize the transactions in Philadelphias general journal. Explanations are not required.