Question
The following transactions of San Francisco Pharmacies occurred during 2015 and 2016 Journalize the transactions in San Francisco's general journal. Explanations are not required. (Record
The following transactions of San Francisco Pharmacies occurred during 2015 and 2016
Journalize the transactions in San Francisco's general journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.)
Jan. 9, 2015: Purchased computer equipment at a cost of $ 9,000, signing a six-month, 6% note payable for that amount.
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2015 |
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Jan. 9 |
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Jan. 29, 2015: 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.
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2015 |
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Jan. 29 |
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Feb. 5,2015: Sent the last week's sales tax to the state.
Date | Accounts and Explanation | Debit | Credit | ||
2015 |
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Feb. 5 |
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Jul. 9, 2015:Paid the six-month, 6% note, plus interest, at maturity. (Round your answers to the nearest whole dollar.)
Date | Accounts and Explanation | Debit | Credit | ||
2015 |
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Jul. 9 |
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Aug. 31,2015:Purchased merchandise inventory for $ 6,000, signing a six-month, 9% note payable. The company uses the perpetual inventory system.
Date | Accounts and Explanation | Debit | Credit | ||
2015 |
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Aug. 31 |
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Dec. 31,
2015
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Accrued warranty expense, which is estimated at 2% of sales of $ 601,000.
Date | Accounts and Explanation | Debit | Credit | ||
2015 |
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Dec. 31 |
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Dec. 31,2015: Accrued interest on all outstanding notes payable. (Round your answers to the nearest whole dollar.)
Date | Accounts and Explanation | Debit | Credit | ||
2015 |
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Dec. 31 |
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Feb. 29, 2016:Paid the six-month 9% note, plus interest, at maturity. (Round your answers to the nearest whole dollar.)
Date | Accounts and Explanation | Debit | Credit | ||
2016 |
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Feb. 29 |
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