Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

occurred during 2023 and 2024: urnal - mjour More Info costo Jan. 9, 2023 Jan. 29. 2023 Feb. 5, 2023 Jul. 9, 2023 Aug. 31,

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
occurred during 2023 and 2024: urnal - mjour More Info costo Jan. 9, 2023 Jan. 29. 2023 Feb. 5, 2023 Jul. 9, 2023 Aug. 31, 2023 Purchased computer equipment at a cost of $8,000, signing a six-month, 6% note payable for that amount. Recorded the week's sales of $64,000, 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 $3.000, signing a six-month, 10% note payable. The company uses the perpetual inventory system Accrued warranty expense, which is estimated at 4% of sales of $610,000 Accrued interest on all outstanding notes payable. Paid the six-month 10% note nlus interest at maturity 20. the old Dec. 31, 2023 Dec. 31, 2023 Feb. 28. 2024 Print Done State input fields and then continue to the next question urnal More info - Xijo asta por uw Jan. 29, 2023 Feb. 5, 2023 Jul. 9, 2023 Aug. 31, 2023 payable for that amount Recorded the week's sales of $64,000, 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 $3,000 signing a six-month, 10% note payable. The company uses the perpetual inventory system Accrued warranty expense, which is estimated at 4% of sales of $610,000 Accrued interest on all outstanding notes payable. Paid the six-month 10% note, plus interest at maturity thi old Dec. 31, 2023 Dec. 31, 2023 Feb. 28, 2024 Print Done tate The totowing transactions of New York Pharmacies occurred during 2023 and 2024 Click the icon to view the transactions) Sumalize the transactions in New York panata omal Explanations are not required Round to the nearest dotur (record dobits first, then crudes Exclude explanations from purtal usteden) Jun,223 Purchased computer qupment at a contot58,000 signing a month. 6% nohe payable for that amount Debit Credit Dat Accounts Jan. 29. 2027 Rick's sales of $64,000 tree lots of credit and one for for cash mounts are subject to a les tax ignon cost of goods sont Account Deba Credit 203 Set general jou Explanations are not required. Round to the nearest dolla Jan 9, 2023: Purchased computer equipment at a cost of $8,000, signing a six-month, 6% note payable for that am Date Accounts Debit Credit Jan. 9 is on credit and one fourth for cash Sales amounts Debit Credit Accounts Receivable Cash Computer Equipment Jan. 29, 20 Estimated Warranty Payable Date Interest Expense Interest Payable Jan. 29 Long-Term Notes Payable Merchandise Inventory Sales Revenue Sales Tax Payable Short-Term Notes Payable Feb. 5. 202 Warranty Expense Choose from any list or enter any number in the input fields and then continue to the next question, Save for Later Journalize the transactions in New York's general journal Explanations are not required. Round to the nearest dollar. (Record debi Feb 5, 2023: Sent the last week's sales tax to the state. Date Accounts Debit Credit Feb. 5 Jul 9.2023. Paid the six-month 6% note, plus interest, at maturity (Round your answers to the nearest whole dollar) Date Accounts Debit Credit Jul 9 Aug 31, 2023. Purchased merchandise inventory for $3.000 signing a six-month 10% note payable. The company uses the perpetual Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Joo W IN TOKS ger journal Explanations are not required Hound to the nearest dollar (Record debits first, the credits Exclude Aug 31, 2023. Purchased merchandise inventory for $3,000, signing a six-month, 10% note payable. The company uses the perpetual inventory system Date Accounts Debit Credit Aug 31 Dec 31, 2023 Accrued warranty expense, which is estimated at 4% of sales of $610,000 Date Accounts Debit Credit Dec 31 Dec 11 2023 Accrand interest on all outstanding notes payabl (Round your answers to the nearest whole dollar) Choose from any tonter any number in the input fields and then continue to the next question SO che icon to view the transactions) Journalize the transactions in New York's general journal Explanations are not required. Round to the nearest dollar (Record debits first, then cre Dec 31, 2023. Accrued interest on all outstanding notes payable. (Round your answers to the nearest whole dollar) Date Accounts Debit Credit Dec 31 Feb 25, 2024. Pald the six-month 10% note, plus interest, at maturity (Round your answers to the nearest whole dollar) Date Accounts Debit Credit Feb 28 Choose from any list or enter any number in the input fields and then continue to the next question save for Later

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamentals of Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

7th edition

978-1259722639

Students also viewed these Accounting questions