b)Journalize the adjusting entry at January 31 for the outstanding note payable. (Hint: Use one-third of a month for the Girard Bank note.)

c)Prepare the current liabilities section of the balance sheet at January 31, 2015. Assume no change in accounts payable

On January 1, 2019, the ledger of Sheridan Company contains the following liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $56,100 7.300 15,800 During January, the following selected transactions occurred. Jan.5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2018 ($7,300). 20 Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. 21 Borrowed $22,500 from Girard Bank on a 3-month, 8%, $22,500 note. 25 Sold merchandise for cash totaling $12.420, which includes 8% sales taxes. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. R the order presented in the problem.) Date Account Titles and Explanation Debit Credit