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The following transactions of Brewton Marine Supply occurred during 2016 and 2017: (Click the icon to view the transactions.) Requirement 1. Record the transactions in
The following transactions of Brewton Marine Supply occurred during 2016 and 2017: (Click the icon to view the transactions.) Requirement 1. Record the transactions in the company's journal. Explanations are not required Record debits first, then credits. Exclude explanations from any journal entries. Round amounts to the nearest whole dolla Begin by journalizing the 2016 transactions, starting with the purchase of equipment on February 3. Feb 3 Purchased equipment for $30,000, signing a six-month, 6% note payable. Journal Entry Accounts Debt Date Cred Feb 3, 2016 Feb 28: Recorded the week's sales of $69.000, one-third for cash, and two-thirds on account. All sales amounts are subject to a 7% sales tax. Ignore cost of goods sold. Journal Entry Accounts Debt Date Credit Feb 28, 2016 Mar 7 Sent last week's sales tax to the state. Journal Entry Account Debit Date Cred Mar 7, 2016 Apr 30: B $210,000 on a four-year, 5% note payable that calls for annual payment of interest each April 30 omowed Journal Entry Date Accoun Debit Credit Apr 30, 2016
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