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PLease answer the last three journal enteries The following transactions of My Tunes Music Company occurred during 2018 and 2019 1 (Click the icon to
PLease answer the last three journal enteries
The following transactions of My Tunes Music Company occurred during 2018 and 2019 1 (Click the icon to view the transactions.) 1. Record the transactions in My Tunes' journal. Explanations are not required. Date Accounts Debit Credit 2018 Dec 31 6850 d Warranty Payable 6860 Transactions Dec 31: Accrued interest on the outstanding note payable. 2018 Mar Journal Ent 3 Purchased a piano (inventory) for $55,000, signing a six-month, 896 note payable. Borrowed $78,000 on a 6% one-year note payable Date Accounts Debit Credit May Sep Dec 31 2018 3 Paid the six-month 8% note at maturity 31 31 Dec Accrued warranty expense which is estimated at 3.5% of sales of $196,000 Accrued interest on the outstanding note payable Interest Payable 2019 May 31 Paid the outstanding note payable at maturity May 31: Paid the outstanding note payable at maturity Print Done Journal Entry Date Accounts Debit Credit 2019 May 31 Notes Payable, Short-Term 55000 Interest Payable Interest ExpenseStep by Step Solution
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