Mod 6
|
Date |
Accounts and Explanation |
Debit |
Credit |
|
2013 |
|
|
|
|
Jan. 9 |
Computer Equipment |
9,000 |
|
|
|
Short-term Notes Payable |
|
9,000 |
|
|
|
|
|
|
Jan. 29 |
Cash ($64,000 × ¼) + ($16,000 × 6%) |
|
|
|
|
Accounts Receivable ($64,000 × ¾) + (48,000 × 6%) |
|
|
|
|
Sales |
|
|
|
|
Sales Tax Payable |
|
|
|
|
|
|
|
|
Feb. 5 |
Sales Tax Payable |
|
|
|
|
Cash |
|
|
|
|
|
|
|
|
Jul. 9 |
Short-term Notes Payable |
|
|
|
|
Interest Expense |
|
|
|
|
Cash |
|
|
|
|
|
|
|
|
Aug. 31 |
Merchandise Inventory |
|
|
|
|
Short-term Notes Payable |
|
|
|
|
|
|
|
|
Dec. 31 |
Warranty Expense |
|
|
|
|
Estimated Warranty Payable |
|
|
|
|
|
|
|
|
Dec. 31 |
Interest Expense |
|
|
|
|
Interest Payable |
|
|
|
|
|
|
|
|
2014 |
|
|
|
|
Feb. 28 |
Short-term Notes Payable |
|
|
|
|
Interest Payable |
|
|
|
|
Interest Expense |
|
|
|
|
Cash |
|
|
|
|
|
|
|