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The following transactions of Buffalo Pharmacies occurred during 2 0 1 5 and 2 0 1 6 : ( Click the icon to view the
The following transactions of Buffalo Pharmacies occurred during and :
Click the icon to view the transactions.
Journalize the
Jan. :
tableDateJan
ions from journal entries.
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Jan. Purchased computer equipment at a cost of $ signing a sixmonth, note payable for that amount.
Recorded the week's sales of $ threefourths on credit and onefourth for cash.
Sales amounts are subject to a state sales tax. Ignore cost of goods sold.
Feb. Sent the last week's sales tax to the state.
Jul. Paid the sixmonth, note, plus interest, at maturity.
Aug. Purchased merchandise inventory for $ signing a sixmonth, note payable. The company uses the perpetual inventory system.
Dec. Accrued warranty expense, which is estimated at of sales of $
Accrued interest on all outstanding notes payable.
Feb. Paid the sixmonth note, plus interest, at maturity.
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