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