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P11-27A (similar to) Question Help The following transactions of Plymouth Pharmacies occurred during 2015 and 2016: (Click the icon to view the transactions.) Journalize the transactions in Plymouth's general journal. Explanations are not required. (Record debils first, then credits. Exclude explanations from journal entries.) Jan. 9, 2015: Purchased computer equipment at a cost of $16,000, signing a six-month, 7% note payable for that amount. Date Accounts and Explanation Debit Credit 2015 i Jan. 9 More Info 2015 Jan. 9 Purchased computer equipment at a cost of S16,000, signing a six-month, 7% note payable for that amount. 29 Recorded the week's sales of $68,000, 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 $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 4% of sales of $607,000. 31 Accrued interest on all outstanding noles payable. 2016 Feb. 29 Paid the six-month 11% note, plus interest, at maturity. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 7 parts remaining Clear All Check