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More info 2018 Feb 3 Purchased equipment for $30,000, signing a six-month, 12% note payable. 28 Recorded the week's sales of $66,000, one-third for cash, and two-thirds on account. All sales amounts are subject to a 4% sales tax. Ignore cost of goods sold. Mar 7. Sent last week's sales tax to the state. Apr 30 Borrowed $120,000 on a four-year, 4% note payable that calls for annual payment of interest each April 30. Aug 3 Paid the six-month, 12% note at maturity. Nov 30 Purchased inventory at a cost of $7,200, signing a three-month, 7% note payable for that amount. Dec 31 Accrued warranty expense, which is estimated at 2.0% of total sales of $800,000. 31 Accrued interest on all outstanding notes payable. Accrued interest for each note separately 2019 Feb 28 Paid off the 7% inventory note, plus interest, at maturity. Apr 30 Paid the interest for one year on the long-term note payable. The towing schon of Penny and Dune Marine y ocurred during 2018 and 2010 click the icon is view the room Requirement 1. contactions in the company mal pioneer required. Reccedebih , the companion on women were whole Tony tog w 2016 ratione animate purchase of expert on Pony Pob Purchased apment for 30.000 ging is month, 12% payati Journal Entry Date Accounts Debit Credit 2010 Feb 26 Recorded the work is of 568.000,he-thund for cash and two-thirds on Alcool of Journal Entry Date Accounts Debit Credit 2 2018 Mar: Sent last week's sales tax to the state Journal Entry Date ACCOUNTS Mor 7, 2015 Debit Credit Apr 30: Borrowed $120,000 on a four-yeur, 4 note payable that cats for annual payment of interest each April 30 Journal Entry Dato Accounts Debit Credit Apr 30, 2018 Aug 3: Paid the six-month, 12% no at maturity Journal Entry Accounts Debit Credit Date Aug 3, 2018 Nov 30: Purchased inventory at a cost of $7.200. signing a three month, 7% note payable for that amount Journal Entry Date Accounts Debit Credit Nov 30, 2018 Dec 31 Acoud warranty, which is estimated at 20% of total sales of $800,000 Journal Entry Accounts Debit Date Dec 31, 2018 Credit Dec 31 AccuWeron lottanding ones payable Accu interest for each note separately Start bracchung interest on the $120.000, four year, or trom April 30 Journal Entry Date Accounts Debu Credit Dec 31, 2018 Now accrue interest at December 31 on the $7,200, three month 7 note from November 30 Journal Entry Accounts Date Dec 31, 2018 Debit Credit Next, record the 2019 transactions, beginning with repayment of the 7% inventory note Feb 28: Paid off the 7% inventory note, plus interest, at maturity Journal Entry Accounts Debit Credit Date Feb 28, 2019 Apr 30: Paid the interest for one year on the long-term note payable. Journal Entry Accounts Date Debit Credit Apr 30, 2019 More info 2018 Feb 3 Purchased equipment for $30,000, signing a six-month, 12% note payable. 28 Recorded the week's sales of $66,000, one-third for cash, and two-thirds on account. All sales amounts are subject to a 4% sales tax. Ignore cost of goods sold. Mar 7. Sent last week's sales tax to the state. Apr 30 Borrowed $120,000 on a four-year, 4% note payable that calls for annual payment of interest each April 30. Aug 3 Paid the six-month, 12% note at maturity. Nov 30 Purchased inventory at a cost of $7,200, signing a three-month, 7% note payable for that amount. Dec 31 Accrued warranty expense, which is estimated at 2.0% of total sales of $800,000. 31 Accrued interest on all outstanding notes payable. Accrued interest for each note separately 2019 Feb 28 Paid off the 7% inventory note, plus interest, at maturity. Apr 30 Paid the interest for one year on the long-term note payable. The towing schon of Penny and Dune Marine y ocurred during 2018 and 2010 click the icon is view the room Requirement 1. contactions in the company mal pioneer required. Reccedebih , the companion on women were whole Tony tog w 2016 ratione animate purchase of expert on Pony Pob Purchased apment for 30.000 ging is month, 12% payati Journal Entry Date Accounts Debit Credit 2010 Feb 26 Recorded the work is of 568.000,he-thund for cash and two-thirds on Alcool of Journal Entry Date Accounts Debit Credit 2 2018 Mar: Sent last week's sales tax to the state Journal Entry Date ACCOUNTS Mor 7, 2015 Debit Credit Apr 30: Borrowed $120,000 on a four-yeur, 4 note payable that cats for annual payment of interest each April 30 Journal Entry Dato Accounts Debit Credit Apr 30, 2018 Aug 3: Paid the six-month, 12% no at maturity Journal Entry Accounts Debit Credit Date Aug 3, 2018 Nov 30: Purchased inventory at a cost of $7.200. signing a three month, 7% note payable for that amount Journal Entry Date Accounts Debit Credit Nov 30, 2018 Dec 31 Acoud warranty, which is estimated at 20% of total sales of $800,000 Journal Entry Accounts Debit Date Dec 31, 2018 Credit Dec 31 AccuWeron lottanding ones payable Accu interest for each note separately Start bracchung interest on the $120.000, four year, or trom April 30 Journal Entry Date Accounts Debu Credit Dec 31, 2018 Now accrue interest at December 31 on the $7,200, three month 7 note from November 30 Journal Entry Accounts Date Dec 31, 2018 Debit Credit Next, record the 2019 transactions, beginning with repayment of the 7% inventory note Feb 28: Paid off the 7% inventory note, plus interest, at maturity Journal Entry Accounts Debit Credit Date Feb 28, 2019 Apr 30: Paid the interest for one year on the long-term note payable. Journal Entry Accounts Date Debit Credit Apr 30, 2019