Question: Problem 1: P11-27A Background: Assignment: This question has 2 requirements. Scroll down to review the requirements and ensure you complete all requirements before submitting your


Problem 1: P11-27A Background: Assignment: This question has 2 requirements. Scroll down to review the requirements and ensure you complete all requirements before submitting your work for grading. The following transactions of Houston Pharmacies occurred during 2015 and 2016 Requirements: The accounts used by Houston Pharmacies are provided in the Chart of Accounts (click on "Chart of Accounts to view). The accounts have already been opened in the General Ledger (click on "General Ledger to view) 1. Prepare joumal entries to record the transactions of Houston Pharmacies ad post the entries to the General Ledger. (Explanations are not required) 2. Review each of the accounts in the General Ledger to see the results of posting the journal Transactions: 01/09/2015 Purchased computer equipment at a cost of $13,000, signing a six-month, 9% note payable for that amount. 01/29/2015 Recorded the week's sales of $66,000, three-fourths on credit and one-fourth for cash. Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. 02/05/2015 Sent the last week's sales tax to the state. 07/09/2015 Paid the six-month, 9% note, plus interest, at maturity. SAVE WORK RESET REEULTS SUBMIT WORK
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