Journalizing Liability Transactions.

2018

Jan. 9 Purchased computer equipment at a cost of $20,000 signing a six-month 9% note payable.

.

Jan. 29 Recorded the weeks sale of $60,000 two-third on credit and one-third

for cash. Sales are subject to 6% state sales tax.

Feb.5 Sent the last weeks sale to the state.

Jul. 9 Paid the six-month 9% note, plus interest at maturity.

Aug. 31 Purchased merchandise inventory for $10,000, signing a six month, 10% note payable.

Dec. 31 Accrued warranty expense, which is estimated at 4% of sales $620,000.

Dec.31 Accrue interest on the 10% note.

2019

Feb. 28 Paid the six-month note, plus interest at maturity.

Requirements:

Journalize the required transactions in the General Journal of Plymouth Pharmacies Company.