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The following transactions of Buffalo Pharmacies occurred during 2023 and 2024: (Click the icon to view the transactions.) Journalize the transactions in Buffalo's general journal.
The following transactions of Buffalo Pharmacies occurred during 2023 and 2024: (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, 2023: Purchased computer equipment at a cost of $11,000, signing a six-month, 8% note payable for that amount. Date Jan. 9 Accounts Debit Credit Jan. 29, 2023: Recorded the week's sales of $67.000 three-fourths on credit and one-fourth for cash Sales amounts are subiect to a 6% state sales tax lapore cost of goods sold. Date Accour More info Jan. 29 Jan. 9, 2023 Jan. 29, 2023 Feb. 5, 2023: Sent the last week's sales Feb. 5, 2023 Date Accour Jul. 9, 2023 Feb. 5 Aug. 31, 2023 Dec. 31, 2023 Dec. 31, 2023 Feb. 28, 2024 Jul. 9, 2023: Paid the six-month, 8% note Date Accour Jul. 9 Purchased computer equipment at a cost of $11,000, signing a six-month, 8% note payable for that amount. Recorded the week's sales of $67,000, 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 $3,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system. Accrued warranty expense, which is estimated at 4% of sales of $601,000. Accrued interest on all outstanding notes payable. Paid the six-month 11% note, plus interest, at maturity. Print Done Aug. 31, 2023: Purchased merchandise inventory for $3,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system. Date Accounts Debit Credit
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