Question: please make sure the answers are visible and readable! if its not i will give a thumbs down! More info 2018 Feb 3 Purchased equipment

please make sure the answers are visible and readable! if its not i will give a thumbs down!
please make sure the answers are visible and readable! if its not
i will give a thumbs down! More info 2018 Feb 3 Purchased
equipment for $15,000, signing a six-month, 9% note payable. 28 Recorded the
week's sales of $69,000, one-third for cash, and two-thirds on account. All
sales amounts are subject to a 7% sales tax. Ignore cost of
goods sold. Mar 7 Sent last week's sales tax to the state.
Apr 30 Borrowed $210,000 on a four-year, 4% note payable that calls

More info 2018 Feb 3 Purchased equipment for $15,000, signing a six-month, 9% note payable. 28 Recorded the week's sales of $69,000, one-third for cash, and two-thirds on account. All sales amounts are subject to a 7% sales tax. Ignore cost of goods sold. Mar 7 Sent last week's sales tax to the state. Apr 30 Borrowed $210,000 on a four-year, 4% note payable that calls for annual payment of interest each April 30. Aug 3 Paid the six-month, 9% note at maturity. Nov 30 Purchased inventory at a cost of $3,300, signing a three-month, 4% note payable for that amount Dec 31 Accrued warranty expense, which is estimated at 5.0% of total sales of $600,000. 31 Accrued interest on all outstanding notes payable. Accrued interest for each note separately 2019 Feb 28 Paid off the 4% inventory note, plus interest, at maturity. Apr 30 Paid the interest for one year on the long-term note payable. Requirement 1. Record the transactions in the company's journal. Explanations are not required. (Record debits first, th Begin by journalizing the 2018 transactions, starting with the purchase of equipment on February 3. Feb 3: Purchased equipment for $15,000, signing a six-month, 9% note payable. Journal Entry Date Accounts Debit. Credit Feb 3, 2018 Feb 28: Recorded the week's sales of $69.000, one-third for cash, and two-thirds on account. All sales amount Journal Entry Date Accounts Debit Credit Feb 28, 2018 Mar 7: Sent last week's sales tax to the state. Journal Entry Date Accounts Debit Credit Mar 7, 2018 Apr 30: Borrowed $210,000 on a four-year, 4% note payable that calls for annual payment of interest each Journal Entry Date Accounts Debit Credit Apr 30: 2018 Aug 3: Paid the six-month, 9% note at maturity. Journal Entry Date Accounts Debit Credit Aug 3, 2018 Nov 30: Purchased inventory at a cost of $3,300, signing a three-month, 4% note payable for that amount. Journal Entry Date Accounts Debit Credit Nov 30, 2018 Dec 31: Accrued warranty expense, which is estimated at 5.0% of total sales of $600,000. Journal Entry Date Accounts Debit Credit Dec 31, 2018 Dec 31: Accrued interest on all outstanding notes payable. Accrued interest for each note separately, Start by accruing interest on the $210,000, four-year, 4% note from April 30. Journal Entry Accounts Date Debit Credit Dec 31, 2018 Now accrue interest at December 31 on the $3,300, three month, 4% note from November 30. Journal Entry Date Accounts Debit Credit Dec 31, 2018 Next, record the 2019 transactions, beginning with repayment of the 4% inventory note. Feb 28: Paid off the 4% inventory note, plus interest, at maturity. Journal Entry Date Accounts Debit Credit Feb 28, 2019 Apr 30: Paid the interest for one year on the long-term note payable. Journal Entry Date Accounts Debit Credit Apr 30, 2019

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