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P-F:11-27A Journalizing liability transactions I-27A Journalizing liability transactions The following transactions of San Jose Pharmacies occurred during 2024 and 2025: Learning Objectives I, 3 Jan.
I-27A Journalizing liability transactions The following transactions of San Jose Pharmacies occurred during 2024 and 2025: Learning Objectives I, 3 Jan. 29 Cash "6.960 2024 Jan. 9 29 Feb. 5 Jul. 9 Aug. 31 Dec. 31 31 2025 Feb. 28 Purchased computer equipment at a cost Of 59.000, signing a six-month, 6% notes payable for that amount, Recorded the week's sales Of $64,000, three-fourths on credit and onefourth 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 S 12,000. signing a six-month, 9% notes payable. The company uses the perpetual inventory system Accrued warranty expense, which is estimated at 2% Of sales Of $603,000. Accrued interest on au outstanding notes payable. paid the six-month 9% note, plus interest, at maturity. Journalin thc transactions in San Jose Pharmacie;' general journal. Explanations are not
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