list 1 2 3 14 m 5 in 6 n 7 on 8 K More info Jan. 9, 2023 Jan. 29, 2023 The following transactions of Seattle Pharmacies occurred during 2023 and 2024: (Click the icon to view the transactions.) Feb. 5, 2023 Jul. 9, 2023 Aug. 31, 2023 Journalize the transactions in Seattle's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Dec. 31, 2023 Dec. 31, 2023 Feb. 28, 2024 Purchased computer equipment at a cost of $11,000, signing a six-month, 6% note payable for that amount. Recorded the week's sales of $62,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Sent the last week's sales tax to the state. Paid the six-month, 6% note, plus interest, at maturity. Purchased merchandise inventory for $15,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system. Accrued warranty expense, which is estimated at 4% of sales of $608,000. Accrued interest on all outstanding notes payable. Paid the six-month 11% note, plus interest, at maturity. X

list 1 2 3 14 m 5 in 6 n 7 on 8 K More info Jan. 9, 2023 Jan. 29, 2023 The following transactions of Seattle Pharmacies occurred during 2023 and 2024: (Click the icon to view the transactions.) Feb. 5, 2023 Jul. 9, 2023 Aug. 31, 2023 Journalize the transactions in Seattle's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Dec. 31, 2023 Dec. 31, 2023 Feb. 28, 2024 Purchased computer equipment at a cost of $11,000, signing a six-month, 6% note payable for that amount. Recorded the week's sales of $62,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Sent the last week's sales tax to the state. Paid the six-month, 6% note, plus interest, at maturity. Purchased merchandise inventory for $15,000, signing a six-month, 11% note payable. The company uses the perpetual inventory system. Accrued warranty expense, which is estimated at 4% of sales of $608,000. Accrued interest on all outstanding notes payable. Paid the six-month 11% note, plus interest, at maturity. X

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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