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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

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The following transactions of Buffalo Pharmacies occurred during 2015 and 2016:
(Click the icon to view the transactions.)
Journalize the
Jan. 9,2015:
\table[[Date],[2015],[Jan.9]]
2015
ions from journal entries.)
More info
Jan. 9 Purchased computer equipment at a cost of $16,000, signing a six-month, 7% note payable for that amount.
29 Recorded the week's sales of $68,000, three-fourths on credit and one-fourth for cash.
Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold.
Feb. 5 Sent the last week's sales tax to the state.
Jul. 9 Paid the six-month, 7% note, plus interest, at maturity.
Aug. 31 Purchased merchandise inventory for $3,000, signing a six-month, 9% note payable. The company uses the perpetual inventory system.
Dec. 31 Accrued warranty expense, which is estimated at 3% of sales of $609,000.
31 Accrued interest on all outstanding notes payable.
2016
Feb. 29 Paid the six-month 9% note, plus interest, at maturity.
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