P10-19B Journalizing liability transactions (30-40 min) The following transactions of Plymouth Pharmacies occurred during 2011 and 2012 2011 Jan 9 Purchased computer equipment at a cost of $7,000, signing a six-month, 9% note payable for that amount. 29 Recorded the week sales of $67,000, three-fourths on credit, and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Feb 5 Sent the last week's sales tax to the state. 28 Borrowed $210,000 on a four-year, 8% note payable that calls for $82,500 annual installment payments plus interest. Record the current and long-term portions of the note payable in two separate accounts. Jul 9 Paid the six-month, 9% note, plus interest, at maturity. Aug 31 Purchased inventory for $6,000, signing a six-month, 11% note payable. Dec 31 Accrued warranty expense, which is estimated at 4% of sales of $608,000. 31 Accrued interest on all outstanding notes payable. Make a separate interest accrual for each note payable. 2012 Feb 28 Paid the first installment and interest for one year on the four-year note payable. 29 Paid off the 11% nore plus interest at maturity. Requirement 1. Journalize the transactions in Plymouth's general journal. Explanations are not required