options shown applies to all rows
The following transactions of Viola Music Company occurred during 2017 and 2018: (Click the icon to view the transactions.) Requirement Record the transactions in Viola's journal. Explanations are not required. Requirement. Record the transactions in Viola's journal. (Record debits first, then credits. Explanations are not required.) Purchased a Steinway piano (inventory) for $40,500, signing a six-month, 11% note. Journal Entry Date Accounts Debit Credit 2017 Mar. 0 Borrowed $52, note payable in Transactions - X The short-term Date 2017 Apr. 2017 Mar. Apr 30 3 Purchased a Steinway piano inventory) for $40,500, signing a six-month, 11% note. 30 Borrowed $52,500 on a 12% note payable that calls for annual installment payments of $26,250 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. 3 Paid the six-month, 11% note at maturity. 31 Accrued warranty expense, which is estimated at 6.5% of sales of $198.000. 31 Accrued interest on the outstanding note payable. Sept. Dec. Paid the six-mol number.) 2018 Apr. arest whole 30 Paid the first installment plus interest for one year on the outstanding note payable. Date Print Done 2017 The following transactions of Viola Music Company occurred during 2017 and 2018: Click the icon to view the transactions.) Requirement Record the transactions in Viola's journal. Explanations are not required. Requirement. Record the transactions in Viola's journal. (Record debits first, then credits. Explanations are not required.) Purchased a Steinway piano inventory) for $40,500, signing a six-month, 11% note. Journal Entry Accounts Date Debit Credit 2017 Mar. Borrowed $52,500 on a 12% note payable that calls for annual installment payments of $26,250 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. Journal Entry Date Accounts Debit Credit 2017 Apr. 30 Paid the six-month, 11% note at maturity. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Journal Entry Accounts Debit Credit Date 2017 Sept. 3 The following transactions of Viola Music Company occurred during 2017 and 2018: (Click the icon to view the transactions.) Requirement Record the transactions in Viola's journal. Explanations are not required. Requirement. Record the transactions in Viola's journal. (Record debits first, then credits. Explanations are not required.) Purchased a Steinway piano (inventory) for $40,500, signing a six-month, 11% note. Journal Entry Accounts Date Debit Credit 2017 Mar. 3 nstallment payments of $26,250 principal plus interest. Record the short-term iyable. Accounts Receivable Cash Estimated Warranty Payable Borrowed $52,5 Interest Expense note payable in Interest Payable Inventory Date Notes Payable, Long-term 2017 Notes Payable, Short-term Sales Revenue Apr. 30 Warranty Expense Debit Credit Paid the six-month, 11% note at maturity. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Journal Entry Accounts Date Debit Credit 2017 Sept. 3 The following transactions of Viola Music Company occurred during 2017 and 2018: (Click the icon to view the transactions.) Requirement Record the transactions in Viola's journal. Explanations are not required. Accrued warranty expense, which is estimated at 6.5% of sales of $198,000. Journal Entry Accounts Date Debit Credit 2017 Dec. 31 Accrued interest on the outstanding note payable. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Journal Entry Date Accounts Debit Credit 2017 Dec. 31 Paid the first installment plus interest for one year on the outstanding note payable. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Journal Entry Accounts Date Debit Credit 2017 Apr. 30
