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A. (30 pts.) The following are transactions involving short-term liabilities for Voss Co. for 2004 and 2005. 2004: Oct. 1 Dec. 1 Dec. 31 Purchased

A. (30 pts.) The following are transactions involving short-term liabilities for Voss Co. for 2004 and 2005. 2004: Oct. 1 Dec. 1 Dec. 31 Purchased casual shirts for resale to customers from Wyncroft Co. for $8,400 on account, terms n. 60. Replaced the September 1st accounts payable to Wyncroft Co. with a 60- day, 12 percent notes payable for $8,400. Prepared an adjusting entry for accrued interest of $84 on the note to Wyncroft. 2005: Jan. 31 Paid the amount due of $8,568 for principal and interest for the note to Wyncroft at maturity. Required: Prepare journal entries for the transactions above

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