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A. on Dec. 2020, ABC Trading Co borrowed $900,000 for Do days at % try signing anche payable on the same wart Required: (1) Record

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A. on Dec. 2020, ABC Trading Co borrowed $900,000 for Do days at % try signing anche payable on the same wart Required: (1) Record the adjusting journal entry on 31 Dec 2020 (2) Record the journal entry for the payment of the notatis maturity date B. Ahmed's Co offers warrant of two years on parts of machines. In 2020 the company sold machines for 10.000. In the light of its past experience Alved Cod warranty expense quals to 8% of its dollar sales. During 2020, the company used $11.500 of parts inventory to report the machine Required: (1) Prepare the journal entry to record ONLY the warranty ability in 2020 (2) How much is the amount of warranty liability on December 31, 2020 TANFT (Mac

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