More info 2018 Feb 3 Mar 28 7 Apr 30 Aug 3 Nov 30 Dec 31 2019 31 Feb 28 Apr 30 Purchased equipment for $9,000, signing a six-month, 12% note payable. Recorded the week's sales of $57,000, one-third for cash, and two-thirds on account. All sales amounts are subject to a 6% sales tax. Ignore cost of goods sold. Sent last week's sales tax to the state. Borrowed $190,000 on a four-year, 9% note payable that calls for annual payment of interest each April 30. Paid the six-month, 12% note at maturity. Purchased inventory at a cost of $6,800, signing a three-month, 12% note payable for that amount. Accrued warranty expense, which is estimated at 2.0% of total sales of $800,000. Accrued interest on all outstanding notes payable. Accrued interest for each note separately. Paid off the 12% inventory note, plus interest, at maturity. Paid the interest for one year on the long-term note payable. Print Done