Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

More Info Jan. 9, 2023 debits first, then credit Jan. 29, 2023 Feb. 5, 2023 Jul 9, 2023 Aug 31, 2023 Purchased computer equipment at

image text in transcribed
image text in transcribed
image text in transcribed
More Info Jan. 9, 2023 debits first, then credit Jan. 29, 2023 Feb. 5, 2023 Jul 9, 2023 Aug 31, 2023 Purchased computer equipment at a cost of $13,000, signing a six-month 6% note payable for that amount Recorded the week's sales of $66,000 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 6% note plus interest, at maturity Purchased merchandise inventory for $15000 signing a six-month, 9% note payable The company uses the perpetual inventory system Accrued warranty expense which is estimated at 3% of sales of 5602,000 Accrued interest on all outstanding notes payable Paid the six-monti 9% note, plus interest, at maturity Dec. 31, 2023 Dec 31, 2023 Feb. 28, 2024 subject to a 6% state sa Print Done The following transactions of Seattle Pharmacies occurred during 2023 and 2024 click the icon to view the transactions Joumalize the transactions in Seattle's general journal Explanations are not required Round to the nearest dollar (Record dobits first, then credits Exclude explanations from ouma Jan 9, 2023 Purchased computer equipment at a cost of $13.000, signing a month, 6% note payable for that amount Credit Date Accounts Jan Computer Equipment Short Term Notes Payable Debit 13.000 13,000 do 23.2023 Recorded to work's sales of $86,000, throw fourths on credit and one fourth for cash Salos amounts are subject to a state sales tax ignore cost of goods sold Date Accounts Debit Credit Choose from any to enter any number in the input fields and then click Check Answer 6 Clear All s are not required. Round to the nearest dollar (Record debits first then credits Exclude explanations from oumal ontnes sign * More Info Jan. 9, 2023 Jan. 29, 2023 on Feb. 5, 2023 Jul. 9, 2023 Aug. 31, 2023 Purchased computer equipment at a cost of $13,000, signing a six-month, 6% note payable for that amount Recorded the week's sales of $66,000, 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 6% note, plus interest, at maturity Purchased merchandise inventory for $15,000, signing a six-month, 9% note payable. The company uses the perpetual inventory system Accrued warranty expense, which is estimated at 3% of sales of $602,000 Accrued interest on all outstanding notes payable Paid the six-month 9% note, plus interest, at maturity Dec. 31, 2023 Dec. 31, 2023 Feb. 28, 2024 Print Done d then click Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Funding And Financing Transport Infrastructure

Authors: Athena Roumboutsos, Hans Voordijk, Aristeidis Pantelias

1st Edition

0367735792, 9780367735791

More Books

Students also viewed these Accounting questions

Question

To realize business outcomes before and after HRM adoption.

Answered: 1 week ago