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Your company sells $140,000 of goods, and you collect sales tax of 2 percent. What current liability does the sale create? O A. Sales tax payable of $2,800 OB. Sales revenue of $142,800 O C. Accounts payable of $2,800 OD. Unearned revenue of $2,800 More Info 2018 Mar 1 Purchased equipment costing $42,000 by issuing a one-year, 8% note payable. Dec 31 Accrued interest on the note payable. 2019 Mar 1 Paid the note payable at maturity. Print Done Record the following note payable transactions of Handle Corp, in the company's journal. Round intermediate interest calculations to the nearest cent and final amounts to the nearest dollar. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries ) (Click the icon to view the transactions.) Mar 1, 2018: Purchased equipment costing $42.000 by issuing a one-year, 8% note payable. General Journal Accounts Date Debit Credit 2018 Mar Cash Equipment Interest expense Interest payable Note payable short-term Choose from any Sales revenue and then click Check Answer 2 parts remaining Clear All Check Answer Accounts payable Bonds payable Cash Discount on bonds payable Interest expense Premium on bonds payable nd On January 1, Furber Industries issues 4 percent, 6-year bonds payable with a maturity value of $130,000. The bonds sell at 94 and pay interest on January 1 and July 1. Furber Industries amortizes any bond discount or premium by the straight-line method Requirements 1. Record the issuance of the bonds on January 1. 2. Record the semiannual interest payment and amortization of any bond discount or premium on July 1. Requirement 1. Record the issuance of the bonds on January 1 (Record debits first, then credits. Exclude explanations from any journal entries) Journal Entry Accounts Debit Date Jan 1 Credit

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