MediocreJob Company buys and sells home appliances and uses the perpetual inventory system. The company has a year$-$end of December $31.$ Assume $13\%$ HST on all purchase and sale transactions. During $2023,$ the company had the following transactions.

Jan $15$ Purchased vacuum cleaners worth $$49,000$ from V Wholesalers, by signing a one$-$year, $7\%$ note payable; interest is to be accrued on December $31$ and paid at maturity plus principal.

Feb $4$ Sold vacuum cleaners for $$53,000$ cash, which includes a $3-$year warranty. MediocreJob bought these vacuum cleaners for $$31,800.$

Feb $4$ Recorded $$30,000$ of estimated warranty liability for the year.

Feb $15$ Paid the full amount owing to V Wholesalers including accrued interest.

May $8$ Received utilities bill for $$2,800,$ to be paid in exactly $15$ days $($disregard HST for this transaction$).$

May $23$ Paid the utilities bill received on May $8.$

Jul $11$ Received $$48,590$ cash $($including $$5,590$ HST$)$ for the sale of vacuum cleaners which cost the company $$25,800.$ The delivery is to be made on August $31.$

Aug $31$ Delivered the vacuum cleaners from the July $11$ transaction.

Prepare journal entries to record the above transactions.

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.

Date Account Title and Explanation Debit Credit

Jan $15$ Answer

HST Recoverable

Answer

$6370$

Answer

Merchandise Inventory

Answer

$49000$

Answer

Notes Payable

Answer

$55370$

To record purchase of vacuum cleaners

Feb $4$ Answer

Cash

Answer

$59890$

Answer

HST Payable

Answer

$6890$

Answer

Sales Revenue

Answer

$53000$

To record cash sales

Feb $4$ Answer

Cost of Goods Sold

Answer

$31800$

Answer

Merchandise Inventory

Answer

$31800$

To record costs of goods sold

Feb $4$ Answer

Warranty Expense

Answer

$30000$

Answer

Estimated Warranty Liability

Answer

$30000$

To record estimated warranty liability

Feb $15$ Answer

Interest Expense

Answer

PLEASE HELP

Answer

Notes Payable

Answer

PLEASE HELP

Answer

Cash

Answer

PLEASE HELP

To record payment to V Wholesalers

May $8$ Answer

Utilities Expense

Answer

$2800$

Answer

Accounts Payable

Answer

$2800$

To record utilities expense

May $23$ Answer

Accounts Payable

Answer

$2800$

Answer

Cash

Answer

$2800$

To record payment of accounts payable

Jul $11$ Answer

Cash

Answer

$48590$

Answer

Unearned Revenue

Answer

$48590$

To record the deposit of vacuum cleaners sale

Aug $31$ Answer

Unearned Revenue

Answer

$48590$

Answer

HST Payable

Answer

$5590$

Answer

Sales Revenue

Answer

$43000$

To record delivery of vacuum cleaners

Aug $31$ Answer

Cost of Goods Sold

Answer

$25800$

Answer

Merchandise Inventory

Answer

$25800$

To record costs of goods sold