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Jan. 9, 2023: Purchased computer equipment at a cost of $16,000, signing a six-month, 9% note payable for that amount. Jan. 29, 2023: Recorded the
Jan. 9, 2023: Purchased computer equipment at a cost of $16,000, signing a six-month, 9% note payable for that amount. Jan. 29, 2023: Recorded the week's sales of $69,000, 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, 2023: Sent the last week's sales tax to the state. Aug. 31, 2023: Purchased merchandise inventory for $15,000, signing a six-month, 9% note payable. The company uses the perpetual inventory system. Dec. 31, 2023: Accrued warranty expense, which is estimated at 4% of sales of $610,000. Dec. 31, 2023: Accrued interest on all outstanding notes payable. (Round your answers to the nearest whole dollar.)
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