Business
Business, 21.05.2020 06:01, kingsqueen883

The following transactions of Houston Pharmacies occurred during 2017 and 2018:

2017
Jan. 9 Purchased computer equipment at a cost of $ 9,000, signing a six-month, 7%
note payable for that amount.
29 Recorded the week's sales of $ 69,000, 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, 7% note, plus interest, at maturity.
Aug. 31 Purchased merchandise inventory for $ 3,000, signing a six-month, 11% note
payable. The company uses the perpetual inventory system.
Dec. 31 Accrued warranty expense, which is estimated at 3% of sales of $ 601,000.
31 Accrued interest on all outstanding notes payable.
2018
Feb. 28 Paid the six-month 11% note, plus interest, at maturity.

Journalize the transactions in Houston’s general journal. Explanations are not required.

answer
Answers: 1

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The following transactions of Houston Pharmacies occurred during 2017 and 2018:

2017

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