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The following transactions of Bungaboo Music Company occured during 2018 and 2019: (Sorry for the blurry boxes, there are four boxes respectively, (4 under Accounts,
The following transactions of Bungaboo Music Company occured during 2018 and 2019:
(Sorry for the blurry boxes, there are four boxes respectively, (4 under Accounts, Debit, and Credit)
Transactions 2018 Mar 3 Purchased a piano (inventory) for $55,000, signing a six-month, 6% note payable. Borrowed $90,000 on a 5% one-year note payable. May Sep Dec 31 3 Paid the six-month, 6% note at maturity. 31 Accrued warranty expense, which is estimated at 2.0% of sales of $200,000. 31 Accrued interest on the outstanding note payable. 2019 May 31 Paid the outstanding note payable at maturity. Print Done Tha foloing transactions af Bungaboa Music Company cccrred during 2018 ard 2019 Cick the Icen to vinw tha trarsactions) 1. Record the transactins in Bunabuo' jaurnal Explanalions are nol required. Mar3: Purhased a piano nwentoy) fer S55,00C. ig-month, %nate payabl. (Resard cebits first, then creis. Exdlude explanations frem journal entries.) Joumal Entry Dato Deblt Credit May 31: Barnnd $80,0011 on 10% nne-year noe! payable. Journal Entry Date Accounta Debit Credit May 31 Sep 3: Paid the 8ix-month, 6% note at maturity Journal Entry Date Accounts Debit Credit 2018 Sep Choose from any list or enter any number in the input fiolds and then contnue to the next question. Dec 31 : Aoaued warranly expense, which is estimated al 2.0% o, sales of 200 000. Journal Entry Cradl Dec Dac 31: Aocrued intenest on the cutstanding ncte payable Journal Entry Date Accounta Debit Credit Dec May 3: Paid tha cutstanding n payabie at mabunty. Journal Entry Date Accounta Debit Credit May 31 Choose from any list or enter any number in the input fields and then contnue to the next
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