A. (3 Grades) On November 1, 2020, Sadiq Co borrowed $800,000 for 90 days at 9 by signing a not Assume that the face value of the note quals the principal of the loan Required: (1) The needed adjusting journal entry on 31 Dec 2020 (2) The journal entry to record the payment of the note at matunty date. B. (2 Grades) la Town Co offers a two-year warranty on parts of equipments. In 2019 the company sales were $700,000. Based on its past experience, the company estimated the needed warranty expense equal to 5% of its sales. During 2019, the company used $15,000 of parts inventory to repair the equipment Required: prepare the journal entry to record ONLY the warranty liability in 2019, (2) How much is the amount of warranty liability on December 31, 2019 For the toolbar, press ALT+F10 (PC or ALT+FN+F10 (Mac)