Journalizing liability transactions? The following transactions of plymouth pharmacies occurred…

Journalizing liability transactions?

The following transactions of plymouth pharmacies occurred during 2015 and 2016:

2015

Jan. 9           purchased computer equipment at a cost of $14,000, signing a six-month, 7% note

                    Payable for that amount.

      29          recorded the week’s sales of $65,000, 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 $15,000, siqninq a six-month, 10% note

                   Payable. The company uses the perpetual inventory system.

Dec. 31     accrued warranty expense, which is estimated at 3% of sales of $609,000.

          31    accrued interest on all outstanding notes payable.

2016

Feb.29      paid the six-month 10% note, plus interest, at maturity.

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

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!