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The folowing transactions of Lexington Pharmacies oocured during 2017 and 2018 (Click the icon to view the transactions) Journalize the transactions in Lexington's general joumal.
The folowing transactions of Lexington Pharmacies oocured during 2017 and 2018 (Click the icon to view the transactions) Journalize the transactions in Lexington's general joumal. Explanations are not required. Round to the nearest dolar. (Record detits first, then credits. Exclude explanations from journal entries) Jan. 9, 201 7: Purchased computer equipment at a cost of 13,000, siging a six-month, 8% note payable for that amount Date Accounts Debit Credit Jan 9 More Info 2017 Jan. 9 Purchased computer equpment at a cost of $13000, signing a six-month, 8% note payable for that amount 29 Recorded the week's sales of 365,000, three fourths on credit and one-fourth for cash Saes amounts are subject to a 6% state sales tax. Ignore cost of goods sold Feb. 5 Sent the last week's sales tax to the state. Jul Aug 31 Purchased merchandise imentory for S3.000, signing a six-month, 1 0% note payable. The 9 Paid the six-month, 8% note, plus nterest, at maturity company uses the perpetual inventory system 31 Accrued warranty expense, which is estimated at 2% of sales of 1 Accrued interest on all outstanding notes payable Dec. 600,000. 2018 Feb 28 Paid the six-month 10% note, plus interest, at maturity. Print Done
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