Begin by journalizing the 2016 transactions, starting with the purchase of equipment on February 3. Feb 3: Purchased equipment for $15,000, signing a six-month, 11% note payable. Journal Entry Date Accounts Debit Credit Feb 3,2016 Feb 28: Recorded the week's sales of $66,000, one-third for cash, and two-thirds on account. All sales amounts are subject to a 6% sales tax. Ignore cost of goods sold. Journal Entry Date Accounts Debit Credit Feb 28, 2016 Mar 7: Sent last week's sales tax to the state. Journal Entry Date Accounts Debit Credit Mar 7, 2016