Question
More info Dialog content starts Jan. 9, 2023 Purchased computer equipment at a cost of $6,000, signing a six-month, 7% note payable for that amount.
More info
Dialog content starts
Jan. 9, 2023 | Purchased computer equipment at a cost of $6,000, signing a six-month, 7% note payable for that amount. |
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Jan. 29, 2023 | Recorded the week's sales of $60,000, 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. |
Jul. 9, 2023 | Paid the six-month, 7% note, plus interest, at maturity. |
Aug. 31, 2023 | Purchased merchandise inventory for $6,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system. |
Dec. 31, 2023 | Accrued warranty expense, which is estimated at 4% of sales of $607,000. |
Dec. 31, 2023 | Accrued interest on all outstanding notes payable. |
The following transactions of
Brewton
Pharmacies occurred during
2023
and
2024:
LOADING...
(Click the icon to view the transactions.)Journalize the transactions in
Brewton's
general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.)Jan. 9,
2023:
Purchased computer equipment at a cost of
$6,000,
signing a six-month,
7%
note payable for that amount.
Date | Accounts | Debit | Credit | ||
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Jan. 9 |
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Jan. 29,
2023:
Recorded the week's sales of
$60,000,
three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold.
Date | Accounts | Debit | Credit | ||
---|---|---|---|---|---|
Jan. 29 |
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Feb. 5,
2023:
Sent the last week's sales tax to the state.
Date | Accounts | Debit | Credit | ||
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Feb. 5 |
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Jul. 9,
2023:
Paid the six-month,
7%
note, plus interest, at maturity. (Round your answers to the nearest whole dollar.)
Date | Accounts | Debit | Credit | ||
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Jul. 9 |
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Aug. 31,
2023:
Purchased merchandise inventory for
$6,000,
signing a six-month,
11%
note payable. The company uses the perpetual inventory system.
Date | Accounts | Debit | Credit | ||
---|---|---|---|---|---|
Aug. 31 |
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Dec. 31,
2023:
Accrued warranty expense, which is estimated at
4%
of sales of
$607,000.
Date | Accounts | Debit | Credit | ||
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Dec. 31 |
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Dec. 31,
2023:
Accrued interest on all outstanding notes payable. (Round your answers to the nearest whole dollar.)
Date | Accounts | Debit | Credit | ||
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Dec. 31 |
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Feb. 28,
2024:
Paid the six-month
11%
note, plus interest, at maturity. (Round your answers to the nearest whole dollar.)
Date | Accounts | Debit | Credit | ||
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Feb. 28 |
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