Consider the following transactions of

PendantPendant

Software:

Mar.	31	Recorded cash sales of $210,000, plus sales tax of 9% collected for the state of New Jersey.
Apr.	6	Sent March sales tax to the state.

Journalize the transactions for the company. Ignore cost of goods sold. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Mar.

31:

Recorded cash sales of

$210,000,

plus sales tax of

9%

collected for the state of New Jersey. (Prepare a single compound entry for this transaction.)

Date			Accounts and Explanation	Debit	Credit
Mar. 31

Date			Accounts and Explanation	Debit	Credit
Apr. 6

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Consider the following note payable transactions of

Concilio

Video Productions.

2015
Jun.	1	Purchased equipment costing $30,000 by issuing a one-year, 3% note payable.
Dec.Dec.	31	Accrued interest on the note payable.
20162016
Jun.	1	Paid the note payable plus interest at maturity.

Journalize the transactions for the company for ALL TRANSACTIONS (2015-JUN & DEC. 2016-JUN (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Jun.

1,

2015:

Purchased equipment costing

$30,000

by issuing a one-year,

3%

note payable.

Date			Accounts and Explanation	Debit	Credit
2015
Jun. 1

___________________________________________________________________________________________

TravisTravis

Publishing completed the following transactions during

2016:

Oct.Oct.	1	Sold a six-month subscription (starting on November 1), collecting cash of $420, plus sales tax of 6%.
Nov.Nov.	15	Remitted (paid) the sales tax to the state of Tennessee.
Dec..	31	Made the necessary adjustment at year-end to record the amount of subscription revenue earned during the year.

Journalize ALL the transactions for OCT, NOV, & DEC (explanations are not required). (Round all amounts to the nearest cent. Record debits first, then credits. Exclude explanations from journal entries.)

Oct.

1: Sold a six-month subscription (starting on November 1), collecting cash of

$420,

plus sales tax of

6%.

(Prepare a single compound entry for this transaction.)

Date			Accounts and Explanation	Debit	Credit
Oct. 1