Question
The following transactions of Plymouth Pharmacies occurred during 2023 and 2024: LOADING... (Click the icon to view the transactions.)Journalize the transactions in Plymouth's general journal.
The following transactions of
Plymouth
Pharmacies occurred during
2023
and
2024:
LOADING...
(Click the icon to view the transactions.)Journalize the transactions in
Plymouth'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
$12,000,
signing a six-month,
9%
note payable for that amount.
Date | Accounts | Debit | Credit | ||
---|---|---|---|---|---|
Jan. 9 |
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Jan. 9, 2023
Purchased computer equipment at a cost of $12,000, signing a six-month, 9% note payable for that amount.
Jan. 29, 2023
Recorded the week's sales of $63,000, 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.
Jul. 9, 2023
Paid the six-month, 9% note, plus interest, at maturity.
Aug. 31, 2023
Purchased merchandise inventory for $9,000, signing a six-month, 10% note payable. The company uses the perpetual inventory system.
Dec. 31, 2023
Accrued warranty expense, which is estimated at 4% of sales of $609,000.
Dec. 31, 2023
Accrued interest on all outstanding notes payable.
Feb. 28, 2024
Paid the six-month 10% note, plus interest, at maturity.
*8 parts to this question
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