2017 Jan. 9 Purchased computer equipment at a cost of $15,000, signing a six-month, 8% note payable for that amount. 29 Recorded the week's sales of $60,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Feb. 5 Sent the last week's sales tax to the state. Jul. 9 Paid the six-month, 8% note, plus interest, at maturity. Aug. 31 Purchased merchandise inventory for $12,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system. Dec. 31 Accrued warranty expense, which is estimated at 2% of sales of $605,000. 31 Accrued interest on all outstanding notes payable. 2018 | Feb. 28 Paid the six-month 11% note, plus interest, at maturity