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More Info X Jan. 9, 2017 Purchased computer equipment at a cost of $7,000, signing a six-month, 8% note payable for that amount. Recorded the
More Info X Jan. 9, 2017 Purchased computer equipment at a cost of $7,000, signing a six-month, 8% 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. Jan. 29, 2017 Feb. 5, 2017 Sent the last week's sales tax to the state. Jul. 9, 2017 Aug. 31, 2017 Dec. 31, 2017 Paid the six-month, 8% note, plus interest, at maturity. Purchased merchandise inventory for $3,000, signing a six-month, 10% note payable. The company uses the perpetual inventory system. Accrued warranty expense, which is estimated at 2% of sales of $609,000. Accrued interest on all outstanding notes payable. Paid the six-month 10% note, plus interest, at maturity. Dec. 31, 2017 Feb. 28, 2018 Print Done The following transactions of Philadelphia Pharmacies occurred during 2017 and 2018 (Click the icon to view the transactions.) Journalize the transactions in Philadelphia's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Jan. 9. 2017: Purchased computer equipment at a cost of $7,000, signing a six-month, 8% note payable for that amount. Date Accounts Debit Credit Jan. 9 Jan. 29, 2017: 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. Date Accounts Debit Credit Jan. 29 Feb. 5, 2017: Sent the last week's sales tax to the state. Date Accounts Debit Credit Feb. 5 Choose from any list or enter any number the input fields and then continue to the next
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