Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following transactions of Brewton Pharmacies occurred during 2023 and 2024: (Click the icon to view the transactions.) Journalize the transactions Brewton's general journal. Explanations
The following transactions of Brewton Pharmacies occurred during 2023 and 2024: (Click the icon to view the transactions.) Journalize the transactions Brewton'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 $14,000, signing a six-month, 8% note payable for that amount. Date Accounts Debit Credit Jan. 9 Jan. 29, 2023: Recorded the week's sales of $61,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Date Accounts Debit Credit Jan. 29 More info Jan. 9, 2023 Feb. 5, 2023: Sent the last week's sales tax to the state. Accounts Jan. 29, 2023 Date Debit Credit Feb. Feb. 5, 2023 Jul. 9, 2023 Aug. 31, 2023 Purchased computer equipment at a cost of $14,000, signing a six-month, 8% note payable for that amount. Recorded the week's sales of $61,000, 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 ek's tax to the state. Paid the six-month, 8% note, plus interest, at maturity. Purchased merchandise inventory for $12,000, signing a six-month, 10% note payable. The company uses the perpetual inventory system. Accrued warranty expense, which is estimated at 2% of sales of $602,000. Accrued interest on all outstanding notes payable. Paid the six-month 10% note, plus interest, at maturity Jul. 9, 2023: Paid the six-month, 8% note, plus interest, at maturity. (Round your answers to the nearest whole dollar.) Dec. 31, 2023 Dec. 31, 2023 Feb. 28, 2024 Date Accounts Debit Credit Jul. 9 Print Done Aug. 31, 2023: Purchased merchandise inventory for $12,000, signing a six-month, 10% note payable. The company uses the perpetual inventory system. Date Accounts Debit Credit Aug. 31 Calculator Ne
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started