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2017 Jan. 9 Purchased computer equipment at a cost of $8,000, signing a six-month, 7% note payable for that amount 29 Recorded the week's sales

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2017 Jan. 9 Purchased computer equipment at a cost of $8,000, signing a six-month, 7% 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, 7% note, plus interest, at maturity. Aug. 31 Purchased merchandise inventory for $3,000, signing a six-month, 9% note payable. The company uses the perpetual inventory system. Dec. 31 Accrued warranty expense, which is estimated at 2% of sales of $603,000. 31. Accrued interest on all outstanding notes payable. 2018 Feb. 28 Paid the six-month 9% note, plus interest, at maturity, D D an. 29, 2017: Recorded the week's sales of $60,000, three-fourths on credit and one-fourth for oods sold. Date Accounts Debit Credit Jan. 29 15,900 cash accounts receivable 47,700 sales revenue 60,000 sales tax payable 3,600 Feb. 5, 2017: Sent the last week's sales tax to the state. Date Accounts Debit Credit Feb. 5 Enter any number in the edit fields and then click Check

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