A On 1 Dec 2020, ABC Trading Co. borrowed 5300,000 for 90 days at 5% by signing a note payable on the same amount 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 Ahmad Co offers warrant of two years on parts of machines. In 2020 the company old machines for $240.000. In the light of its past experience. Ahmeds Co. estiuted the needed warranty expense equals to 8% of its dollar sales. During 2020, the company used S10.500 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