More Info Jan. 9, 2017 Jan. 29, 2017 Feb. 5, 2017 Jul. 9, 2017 Aug. 31, 2017 Dec. 31, 2017 Dec. 31, 2017 Feb. 28, 2018 - Purchased computer equipment at a cost of $15,000, signing a six-month, 9% note payable for that amount. Recorded the week's sales of $68,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Sent the last week's sales tax to the state. Paid the six-month, 9% note, plus interest, at maturity. Purchased merchandise inventory for $3,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system. Accrued warranty expense, which is estimated at 2% of sales of $607,000. Accrued interest on all outstanding notes payable. Paid the six-month 11% note, plus interest, at maturity. Print Done