Maritime Hardware Company's year end is December $31,$ and they use a perpetual inventory system. The following selected transactions were carried out during Year $3$:

$$ October $14$Purchased an office building for $$265,000$ plus $5\%$ GST by issuing a $6\%,10-$year bond for the building and paid the GST in cash. The bond interest will be paid every $6$ months. $6\%$ is the market rate for this type of bond.

$$ October $22$Sold inventory costing $$14,500$ to a customer for $$42,000$ plus GST $(5\%)$ and PST $(7\%),$ n$/30($no sales discount offered$).$

$$ November $1$Received full payment for the October $22$ sale.

$$ November $18$Purchased inventory costing $$23,000$ plus GST $(5\%),$ n$/30.$

$$ December $3$Paid in full for the November $18$ purchase.

$$ December $31$Accrued interest on the bond. Count exact days. Don$$t count the first day October $14.$ Do count the last day December $31.$

$$ December $31$Accrued warranty expense on $$1,250,000$ of sales for the year at the rate of $3\mathrm{.}5\%$ of sales.

$$ December $31$Accrued $$74,000$ in estimated income tax expense.

Additional transactions were carried out during Year $4$:

$$ January $31$Paid the GST owing for the last quarter, which included $$15,625$ collected from customers and $$8,720$ paid on purchases.

$$ April $14$Paid the first $6-$month interest installment on the $10-$year bond. Count exact days. Remember to exclude the first day and count the last day. This was not a leap year.

$$ May $7$Paid $$4,500$ in repair costs for defective products sold under warranty.

Required

Record the transactions in the general journal. Use the exact number of days to calculate any interest accruals and payments. Remember the first day is excluded and the last day is counted.