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The following transactions of Buffalo Pharmacies occurred during 2017 and 2018: (Click the icon to view the transactions.) Journalize the transactions in Buffalo's general journal.
The following transactions of Buffalo Pharmacies occurred during 2017 and 2018: (Click the icon to view the transactions.) Journalize the transactions in Buffalo's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Jan. 9, 2017: Purchased computer equipment at a cost of $13,000, signing a six- month, 8% note payable for that amount. Date Accounts Debit Credit Jan. 9 Jan. 29, 2017: Recorded the week's sales of $69,000, 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 Feb. 5, 2017: Sent the last week's sales tax to the state. Date Accounts Debit Credit Feb. 5 The following transactions of Buffalo Pharmacies occurred during 2017 and 2018: (Click the icon to view the transactions.) Journalize the transactions in Buffalo's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Jul. 9, 2017: Paid the six-month, 8% note, plus interest, at maturity. (Round your answers to the nearest whole dollar.) Date Accounts Debit Credit Jul. 9 Aug. 31, 2017: 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 Dec. 31, 2017: Accrued warranty expense, which is estimated at 4% of sales of $602,000. Date Accounts Debit Credit Dec. 31 Dec. 31. 2017: Accrued interest on all outstanding notes pavable. (Round vour answers to the nearest whole dollar.) The following transactions of Buffalo Pharmacies occurred during 2017 and 2018: (Click the icon to view the transactions.) Journalize the transactions in Buffalo's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) TIL JIL JIL Dec. 31, 2017: Accrued warranty expense, which is estimated at 4% of sales of $602,000. Date Accounts Debit Credit Dec. 31 Dec. 31, 2017: Accrued interest on all outstanding notes payable. (Round your answers to the nearest whole dollar.) Date Accounts Debit Credit Dec. 31 Feb. 28, 2018: Paid the six- month 10% note, plus interest, at maturity. (Round your answers to the nearest whole dollar.) Date Accounts Debit Credit Feb. 28 More info Jan. 9, 2017 Jan. 29, 2017 Feb. 5, 2017 Jul. 9, 2017 Purchased computer equipment at a cost of $13,000, signing a six-month, 8% note payable for that amount. Recorded the week's sales of $69,000, 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 last week's sales 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 4% of sales of $602,000. Accrued interest on all outstanding notes payable. Paid the six-month 10% note, plus interest, at maturity. Aug. 31, 2017 Dec. 31, 2017 Dec. 31, 2017 Feb. 28, 2018 Print Done
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