A. On 1 Dec. 2020, ABC Trading Co. borrowed $300,000 for 90 days at 5% by signing a note payable on the same umout. Required: (1) Record the adjusting journal entry on 31 Dec. 2020. (2) Record the journal entry for the payment of the note at its maturity date. B. Ahmed's Co offers warrant of two years on parts of machines. In 2020 the company sold machines for $240,000. In the ligha of ita past e sales. During 2020, the company used $10,500 of parts inventory to repair the machine. Required: (1) Prepare the journal entry to record ONLY the warranty liability in 2020. (2) How much is the amount of warranty liability on December 31, 2020 ALT+EN+F10 (Mac).