Accounts Payable Sales Taxes Payable Unearned Service Revenue During January, the following selected transactions occurred. Jan. I 5 11 On January 1, 2017, the ledger of Fleming Company contained the following liability accounts. 20 $50,000 6,500 10,000 Borrowed $20,000 from TriCounty Bank on a 3-month, 4%, $20,000 note. Sold merchandise for cash totalling $21,800, which includes 9% sales taxes. Ignore cost of goods sold. Provided $6,900 of services for customers who had made advanced payments. Paid state revenue department for sales taxes collected in December 2013 ($6,500). Sold 600 units of a new product on credit at $45 per unit, plus 9% sales tax.

inuary 1,2017, the ledger of Fleming Company contained the iving liability accounts. Duriny tamary, the following selected transactions occurred. Borrowed $20,000 from TriCounty Bank on a 3-month, 4\%, $20,000 aote. Sold merchandise for cash totalling $21,800, which includes 9% sales taxes. Ignore cost of goods sold. Provided $6,900 of services for customers who had made advanced payments. I taid state revenue department for sales taxes collected in December 20) 13($6,500). Sold 600 units of a new product on credit at $45 per unit, plus 9% sales tax. Jounalize the adjusting entries at January 31 for the outstanding notes payable