Reference no: EM131356610

Journalize the transactions in Denver's general journal. Explanations are not required. (Record debits first, then credits.)

2011 Jan 9 Purchased computer equipment at a cost of, signing a six­ month, 6% note payable for that amount. $9,000 jan 29 Recorded the week's sales of, three­ fourths on credit, and one­ fourth for cash. Sales amounts are subject to a 6% state sales tax. $64,000 Feb 5 Sent the last week's sales tax to the state. feb. 28 Borrowed on a four­ year, 10% note payable that calls for annual instalment payments plus interest. Record the current and long-term portions of the note payable in two separate accounts. $204,000 feb.10 $51,000 July 9 Paid the six­ month, 6% note, plus interest, at maturity. Aug 31 purchased inventory for $12,000, signing a six-month, 9% note payable. Dec 31 Accrued warranty expense, which is estimated at 2% of sales of $603,000. dec. 31 Accrued interest on all outstanding notes payable. Make a separate interest accrual for each note payable. 2012 Feb 28 Paid the first instalment and interest for one year on the four-year note payable. Feb 29 paid off the 9% note plus interest at maturity.