The following transactions of Philadelphia Pharmacies occurred during 2017 and 2018: Click the icon to view the transactions.) Journalize the transactions in Philadelphia's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Jan. 9, 2017: Purchased computer equipment at a cost of $7,000, signing a six-month, 8% note payable for that amount. Date Accounts Debit Credit Jan. 9 i More Info 2017 Jan. 9 Purchased computer equipment at a cost of $7,000, signing a six-month, 8% note payable for that amount 29 Recorded the week's sales of $68,000, 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 Sent the last week's sales tax to the state. Jul 9 Paid the six-month, 8% note, plus interest, at maturity. Aug 31 Purchased merchandise inventory for $3,000, signing a six-month, 10% note payable. The company uses the perpetual inventory system. Dec. 31 Accrued warranty expense, which is estimated at 2% of sales of $609,000. 31 Accrued interest on all outstanding notes payable. 2018 Feb. 28 Paid the six-month 10% note, plus interest, at maturity, Print Done Choose from any list or enter any number in the input fields and then click Check Answer.
https://zactutor.com/wp-content/uploads/2021/03/logo-300x75.png 0 0 developer https://zactutor.com/wp-content/uploads/2021/03/logo-300x75.png developer2022-09-03 18:39:162022-09-03 18:39:16The following transactions of Philadelphia Pharmacies occurred during 2017 and 2018: Click the icon