aul Gee Limited buys and resells machines. Paul Geel is known to buy and sell in the City. During the year, the following took place. Record the journal entries for these transactions.

Jan 15Bought a machine for resale for $93,000 plus 5% GST. The amount is payable in 30 days. The company uses a perpetual inventory system.Jan 30Sold the machine for $245,000 plus 5% GST cash including a five-year warranty. Based on past experience, the accountant determines that an amount of $24,000 will be paid out in warranty obligation.Jan 30Paid the sales tax amount owing.Feb 15Paid for the machine purchased on Jan 15.Mar 27Paul Geel must repair the machine under warranty. The company uses $200 in parts from its own inventory.

Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. For transactions with more than one debit or credit, enter the accounts in alphabetical order.

DateAccount Title and ExplanationDebitCreditJan 15 Answer Answer Answer Bought machine for resale Jan 30 Answer Answer Answer Sold machine for cash Jan 30 Answer Answer Records COGS for above sale Jan 30 Answer Answer Accrued for estimated warranty cost Jan 30 Answer Answer Answer Paid sale tax to government Feb 15 Answer Answer Paid for machine bought on account on Jan 15 Mar 27 Answer Answer To record inventory for warranty work