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The following transactions of Denver Pharmacies occurred during 2023 and 2024 : (1) (Click the icon to view the transactions). Journalize the transactions in Denvers
The following transactions of Denver Pharmacies occurred during 2023 and 2024 : (1) (Click the icon to view the transactions). Journalize the transactions in Denvers general journal, Explanations are not required. Round to the nearest doflar (Record debts frit, then crests: Exciude explanations from joumal entries.) More info Jan, 9, 2023: Purchased computer equipment at a cost of $7,000, signina a six-mnnth zoc matn payable for that amount. Jan. 29, 2023: 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, 2023: Sent the last week's sales tax to the state. Aug. 31, 2023: Purchased merchandise inventory for $3,000, signing a six-month, 11% note payable. The company uses the perpefual inventory system. Dec. 31, 2023: Accrued warranty expense, which is estimated at 4% of sales of $602,000
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