The Following Transactions of Bass Boogey Music Company occurred during 2018 and 2019
e not required. 100 penuable Record debite feat than credite Exclude avlanation from panel i Transactions 2018 Mar May Sep Dec 3 Purchased a piano (inventory) for $70,000, signing a six-month, 10% note payable. 31 Borrowed $108,000 on a 6% one-year note payable. 3 Paid the six-month, 10% note at maturity. 31 Accrued warranty expense, which is estimated at 3.0% of sales of $197,000. 31 Accrued interest on the outstanding note payable. 2019 May 31 Paid the outstanding note payable at maturity. Print Done The following transactions of Bass Boogey Music Company occurred during 2018 and 2019: (Click the icon to view the transactions.) Requirement 1. Record the transactions in Bass Boogey journal. Explanations are not required. Sep 3: Paid the six-month, 10% note at maturity. Journal Entry Date Accounts Debit 2018 Sep 3 Notes Payable, Short-Term 70,000 Interest Expense 7,000 Credit Cash 70,700 Dec 31: Accrued warranty expense, which is estimated at 3.0% of sales of $197,000. Journal Entry Accounts Debit Credit Date 2018 Dec 31 Warranty Expense 5910 Accrued Warranty Payable 5910 Dec 31: Accrued interest on the outstanding note payable. Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question Requirement 1. Record the transactions in Bass Boogey journal. Explanations are not required. Dec 31: Accrued warranty expense, which is estimated at 3.0% of sales of $197,000. Journal Entry Accounts Date Debit Credit 2018 Dec 5910 31 Warranty Expense Accrued Warranty Payable 5910 Dec 31: Accrued interest on the outstanding note payable. Journal Entry Accounts Debit Credit Date 2018 Dec 31 Interest Expense Interest Payable May 31: Paid the outstanding note payable at maturity Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question 2018 Dec 31 Interest Expense Interest Payable May 31: Paid the outstanding note payable at maturity. Journal Entry Accounts Date Debit Credit 2019 May 31 Notes Payable, Short-Term Interest Payable Interest Expense Cash Choose from any list or enter any number in the input fields and then continue to the next