A.13 Grades) On November 1, 2020, Sadiq Co borrowed $400,000 for 90 days at 9" by signing a note Asume that the face value of the note equals 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 matunity date B.12 Grades) la Town Co offers a two-year warranty on parts of equipments In 2019 the company sales were $350,000 Based on its past experience, the company estimated the needed warranty expense equal to 54 of its sales. During 2019, the company sed 57,500 of parts inventory to repair the equipment Required: (1) 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