Accounts Payable $51,000 Sales Taxes Payable 7,200 Unearned Service Revenue 16,000 During January, these selected transactions occurred. Jan. 5 12 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. Performed services for customers who had made advance payments of $10,500. (Credit Service Revenue.) 14 20 21 225 Paid state revenue department for sales taxes collected in December 2021 ($7,200). Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1-year warranty. Borrowed $27,000 from Girard Bank on a 3-month, 8%, $27,000 note. Sold merchandise for cash totaling $11,556, which includes 8% sales taxes.