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The following transactions of Austin Pharmacies occurred during 2023 and 2024 (Click the icon to view the transactions.) Journalize the transactions in Austin's general journal.
The following transactions of Austin Pharmacies occurred during 2023 and 2024 (Click the icon to view the transactions.) Journalize the transactions in Austin's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Jan. 9, 2023: Purchased computer equipment at a cost of $7,000, signing a six-month, 7% note payable for that amount. Date Jan 9 Accounts Debit Credit More info Jan. 9, 2023 Jan. 29, 2023 Feb. 5, 2023 L Purchased computer equipment at a cost of $7,000, signing a six-month, 7% note payable for that amount. Recorded the week's sales of $62,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Sent the last week's sales tax to the state. Paid the six-month, 7% note, plus interest, at maturity. Purchased merchandise inventory for $3,000, signing a six-month, 9% note payable. The company uses the perpetual inventory system. Jul. 9, 2023 Aug. 31, 2023 Dec. 31, 2023 Dec. 31, 2023 Feb. 28. 2024 Paid the six-month 9% note, plus interest, at maturity Accrued warranty expense, which is estimated at 4% of sales of $610,000. Accrued interest on all outstanding notes payable Print Done
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