The following transactions of Chicago Pharmacies occurred during 2017 and 2018:
Jan. 9 Purchased computer equipment at a cost of $14,000, signing a 6-month, 9% notes payable for that amount.
29 Recorded the week's sales of $67,000, 3/4 on credit and 1/4 sold for cash. Sales amounts are subjected to a 6% sales tax. Ignore cost of goods sold.
Feb. 5 Sent the last week's sales tax to the state.
9 paid the 6-month, 9% note, plus interest, at maturity.
Aug. 31 Purchased merchandise inventory for $12,000, signing a 6-month, 11% note payable. The company uses the perpetual inventory system.
Dec. 31 Accrued warranty expense, which is estimated at 2% of sales of $607,000.
31 Accrued interest on all outstanding notes payable.
Feb. 28 Paid the 6-month 11% note, plus interest, at maturity.
Journalize the transactions in Chicago's general journal. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.)