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Journalizing liability transactions Learning Objectives 1, 3 Jan. 29 Cash $18,020 The following transactions of Philadelphia Pharmacies occurred during 2023 and 2024: 2023 Jan. 9 29 Feb. 5 Purchased computer equipment at a cost of $7,000, signing a six-month, 8% note payable for that amount. 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. Sent the last week's sales tax to the state. Paid the six-month, 8% note, plus interest, at maturity, Purchased merchandise inventory for $3,000, signing a six-month, 10% note payable. The company uses a perpetual inventory system. Accrued warranty expense, which is estimated at 2% of sales of $609,000. Accrued interest on all outstanding notes payable. Jul. 9 Aug. 31 Dec. 31 31 2024 Feb. 28 Paid the six-month 10% note, plus interest, at maturity. Journalize the transactions in Philadelphia's general journal. Explanations are not required. Date Accounts and Explanati Det Crudi