- P9-38A (similarial The following transaction More Info Click the conto Requirement 2016 1. Record the transactio Fot entries Round amou 3 Purchased equipment for $22.000, signing a six-month, 4% not payable 28 Recorded the work was of $60,000, one-third for cash and two-thirds on account All sales amounts are subject to 3% sales tex. ignore cost of goods sold Begin by journalizing the Mar 7 Sent last week's tax to the state Feb 3 Purchased equip Apr 30 Borrowed $240,000 on a four-year, 8% note payable that calls for annual payment of Interest each April 30 Aug 3 Paid the six-month, 4% note at maturity Date Nov 30 Purchased inventory at a cost of $8,700, signing a three-month, 12% not payable for Feb 3, 2018 Equip that amount NG Dec 31 Accrued warranty exponsewhich is estimated at 3.0% of total sales of $390,000 31 Accrued interest on all outstanding notes payable Accrued interest for each note Print Done ales tax. Ignore cost of Feb 28: Recorded the w goods sold Credit Date Feb 28, 2018 Debit 20000 Journal Entry Accounts Cash Accounts receivable Sales revenue Sales tax payable 40000 60000 1800