2017 Jan 9 Purchased computer equipment at a cost of 12000 s

2017 Jan. 9 Purchased computer equipment at a cost of $12,000, signing a six-month, 9% note payable for that amount. 29 Recorded the week\'s sales of $63,000, 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, 9% note, plus interest, at maturity. Aug. 31 Purchased merchandise inventory for $9,000, signing a six-month, 10% note payable. The company uses the perpetual inventory system. Dec. 31 Accrued warranty expense, which is estimated at 4% of sales of $609,000. 31 Accrued interest on all outstanding notes payable. 2018 Feb. 28 Paid the six-month 10% note, plus interest, at maturity. Jan. 29, 2017: Recorded the week\'s sales of $63,000, three-fourths on credit and one-fourth for cash Sales amounts are subject to a 6% state sales tax. Ignore cost of goods sold. Date Accounts Debit Credit Jan. 29 Choose from any list or enter any number in the input fields and then click Check Answer.

Solution

Answer:

Jan 29,2017 Debit Credit

Account Receivable A/c $50,085

Cash $16,695

To Sales $63,000

To State sales Tax $3,780