The following transactions of Denver Pharmacies occurred during 2013 and 2014:
Jan. 9 Purchased computer equipment at a cost of $ 9,000, signing a six-month, 6% note payable for that amount.
29 Recorded the week’s sales of $ 64,000, 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, 6% note, plus interest, at maturity.
Aug. 31 Purchased merchandise inventory for $ 12,000, signing a six-month, 9% note payable. The company uses the perpetual inventory system.
Dec. 31 Accrued warranty expense, which is estimated at 2% of sales of $ 603,000.
31 Accrued interest on all outstanding notes payable.
Feb. 28 Paid off the 9% note plus interest at maturity.
Journalize the transactions in Denver’s general journal. Explanations are not required.