The following transactions of Violin Music Company occurred during 2017 and 2018:

The following transactions of Violin Music Company occurred during 2017 and 2018: (Click the icon to view the transactions.) Requirement Record the transactions in Violin's journal. Explanations are not required. Requirement. Record the transactions in Violin's journal. (Record debits first, then credits. Explanations are not required.) Purchased a Steinway piano (inventory) for $40,500, signing a six-month, 10% note. Journal Entry Accounts Date Debit Credit 2017 Mar. Borrowed $53,500 on a 10% note payable that calls for annual installment payments of $26,750 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. Journal Entry Accounts | Debit Credit Date 2017 Apr. 30 Paid the six-month, 10% note at maturity. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Journal Entry Date Accounts Debit Credit 2017 Sept. 3 i Transactions 2017 Mar. Apr. 3 Purchased a Steinway piano (inventory) for $40,500, signing a six-month, 10% note. 30 Borrowed $53,500 on a 10% note payable that calls for annual installment payments of $26,750 principal plus interest. Record the short-term note payable in a separate account from the long-term note payable. 3 Paid the six-month, 10% note at maturity. 31 Accrued warranty expense, which is estimated at 3.5% of sales of $195,000. 31 Accrued interest on the outstanding note payable. Sept. Dec. 2018 Apr. 30 Paid the first installment plus interest for one year on the outstanding note payable. Print Done The following transactions of Violin Music Company occurred during 2017 and 2018: (Click the icon to view the transactions.) Requirement Record the transactions in Violin's journal. Explanations are not required. Requirement. Record the transactions in Violin's journal. (Record debits first, then credits. Explanations are not required.) Purchased a Steinway plano (inventory) for $40,500, signing a six-month, 10% note. Journal Entry Accounts Debit Credit Date 2017 Mar. 3 nstallment payments of $26,750 principal plus interest. Record the short-term note payable in a separate account from the long-term Accounts Receivable Cash Estimated Warranty Payable Borrowed $53,5 Interest Expense note payable. Interest Payable Inventory Notes Payable, Long-term Date Notes Payable, Short-term 2017 Sales Revenue Apr. 30 Warranty Expense Debit Credit Paid the six-month, 10% note at maturity. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Journal Entry Accounts Debit Credit Date 2017 Sept. The following transactions of Violin Music Company occurred during 2017 and 2018: (Click the icon to view the transactions.) Requirement Record the transactions in Violin's journal. Explanations are not required. Accrued warranty expense, which is estimated at 3.5% of sales of $195,000. Journal Entry Accounts Date Debit Credit 2017 Dec. 31 Accrued interest on the outstanding note payable. (Hold all decimals for interim calculations. Round your final answer to the nearest whole number.) Journal Entry Date Accounts Debit Credit 2017 Dec. 31 Paid the first installment 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.) Journal Entry Date Accounts Debit | Credit 2017 Apr. 30 The following transactions of Violin Music Company occurred during 2017 and 2018: (Click the icon to view the transactions.) Requirement Record the transactions in Violin's journal. Explanations are not required. Accrued warranty expense, which is estimated at 3.5% of sales of $195,000. Journal Entry Accounts Date Debit Credit 2017 Dec. 31 cimals for interim calculations. Round your final answer to the nearest whole number.) Debit Credit Accounts Receivable Cash Accrued interes Estimated Warranty Pavabla Estimated Warranty Payable Interest Expense Date Interest Payable 2017 Inventory Notes Payable, Long-term Dec. 31 Notes Payable, Short-term Sales Revenue Warranty Expense Paid the first installment 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.) Journal Entry Date Accounts Debit | Credit 2017 Apr. 30