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The following transactions of Australian Pharmacy occurred during 2022 and 2023. 2022 Feb 3 Feb 28 Apr 30 Aug 3 Nov 30 Dec 31 Dec
The following transactions of Australian Pharmacy occurred during 2022 and 2023. 2022 Feb 3 Feb 28 Apr 30 Aug 3 Nov 30 Dec 31 Dec 31 2023 Feb 28 Apr 30 Purchased computer equipment for $13,000, signing a six-month, 9% bill payable. Recorded the week's sales of $66,000, one-third for cash and two-thirds on credit. Borrowed $100,000 on a four-year, 9% loan that calls for annual payments of interest each 30 April. Paid the six-month, 9% bill at maturity. Purchased inventory at a cost of $7,000, signing a three-month, 6% bill payable for that amount. Accrued warranty expense, which is estimated at 3% of sales of $300,000. Accrued interest on all outstanding bills and loans payable. Paid off the 6% inventory bill, plus interest, at maturity. Paid the interest for one year on the long-term loan payable.
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