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Please complete the whole transaction 2017 Jan. 9 Purchased computer equipment at a cost of $13,000, signing a six-month, 7% note payable for that amount
Please complete the whole transaction
2017 Jan. 9 Purchased computer equipment at a cost of $13,000, signing a six-month, 7% note payable for that amount 29 Recorded the week's sales of $60,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Feb. 5 Sent the last week's sales tax to the state. Jul 9 Paid the six-month, 7% note, plus interest at maturity Aug. 31 Purchased merchandise inventory for $6,000, signing a six-month, 10% note payable. The company uses the perpetual inventory system Dec. 31 Accrued warranty expense, which is estimated at 3% of sales of $603,000 31 Accrued interest on all outstanding notes payable 2018 Feb. 28 Paid the six-month 10% note, plus interest, at maturity Jan. 29, 2017: Recorded the week's sales of $60,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Date Accounts Debit Credit Jan. 29 cash 45000 45000 account receivable sales revenue sale tax payable
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