Question
The following transactions of Smooth Sounds Music Company occurred during 2020 and 2021 (Click the icon to view the transactions.) Requirement Record the transactions in
The following transactions of Smooth Sounds Music Company occurred during 2020 and 2021 (Click the icon to view the transactions.) Requirement Record the transactions in Smooth Sounds's journal Explanations are not required Requirement. Record the transactions in Smooth Sounds's joumat (Record debits first, then credits. Explanations are not required) Purchased a Steinway plano (nventory) for $43,500, signing a six-month, 9% note Mar Date 2020 Journal Entry Accounts Debit Credit Borrowed $54.500 on a 15% note payable that calls for annual instalment payments of $27.250 principal plus interest Record the short term note payable in a separate account from the long-him ne payable Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question Borrowed $54,500 on a 15% note payable that calls for annual instalment payments of $27.250 principal plus interest Record the short-term note payable in a separate account from the long om noe p Apr Date 2020 30 Journal Entry Accounts Debit Credit Paid the six-month, 9% note at maturity. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Sep Date 2020 3 Journal Entry Accounts, Debit Credit Accrued warranty expense, which is estimated at 4% of sales of $194,000. Dec. Date 2020 31 Journal Entry Accounts Debit Credit Accrued interest on the outstanding note payable. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Dec Date 2020 31 Journal Entry Accounts Debit Credit Paid the first instalment plus interest for one year on the outstanding note payable (Hold all decimals for interim calculations. Round your final answer to the nearest whole number 2 Date 2020 30 Journal Entry Accounts Debit Credit umal. Explanal th Sounds's jo 500, signing a 2020 Mar Entry Transactions - X Apr. Sep. Dec. 2021 3 Purchased a Steinway piano (inventory) for $43,500, signing a six-month, 9% note 30 Borrowed $54,500 on a 15% note payable that calls for annual instalment payments of $27,250 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. 3 Paid the six-month, 9% note at maturity 31 Accrued warranty expense, which is estimated at 4% of sales of $194,000. 31 Accrued interest on the outstanding note payable Apr. 30 Paid the first instalment plus interest for one year on the outstanding note payable. ls for annua Entry input fields and then continue to the next question Print Done count from the long
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