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2017 Jan. 9Purchased computer equipment at a cost of $7,000, signing a Jul. 9, 2017: Paid the six-month, 7% note, plus interest, at maturity. (Round
2017 Jan. 9Purchased computer equipment at a cost of $7,000, signing a Jul. 9, 2017: Paid the six-month, 7% note, plus interest, at maturity. (Round your answers to the nearest whole dollar.) six-month, 7% note payable for that amount. 29 Recorded the week's sales of $62,000, three-fourths on credit Date Accounts Debit Credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold Jul. 9 Feb. Jul. Aug. 31 Purchased merchandise inventory for $15,000, signing a 5 Sent the last week's sales tax to the state 9 Paid the six-month, 7% note, plus interest, at maturity six-month, 9% note payable. The company uses the perpetual inventory system. Aug. 31, 2017: Purchased merchandise inventory for $15,000, 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 Date Accounts Debit Credit of $600,000 Aug. 31 31 Accrued interest on all outstanding notes payable 2018 Feb. 28 Paid the six-month 9% note, plus interest, at maturity Dec. 31, 2017: Accrued warranty expense, which is estimated at 2% of sales of $600,000. Jan. 9, 2017: Purchased computer equipment at a cost of $7,000, signing a six-month, 7% note payable for that amount. Date Accounts Debit Credit Date Accounts Debit Credit Dec. 31 Jan. 9 Dec. 31, 2017: Accrued interest on all outstanding notes payable. (Round your answers to the nearest whole dollar.) Jan. 29, 2017: Recorded the week's sales of $62,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold Debit Credit Date Accounts Dec. 31 Date Accounts DebitCredit Jan. 29 Feb. 28, 2018: Paid the six-month 9% note, plus interest, at maturity. (Round your answers to the nearest whole dollar.) Feb. 5, 2017: Sent the last week's sales tax to the state Date Accounts Debit Credit Date Accounts DebitCredit Feb. 28 Feb. 5
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