Bonita Company Balance Sheet (Partial) January 31, 2022 Current Liabilities Notes Payable $ Accounts Payable Sales Taxes Payable Unearned Service Revenue Interest Payable V ta $ On January 1, 2022, the ledger of Bonita Company contains these liability accounts. Accounts Payable $56,000 Sales Taxes Payable 7,700 Unearned Service Revenue 16,500 During January, these 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 $10,500. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2021 ($7,700). 20 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. 21 Borrowed $24,750 from Girard Bank on a 3-month, 8%, $24,750 note. 25 Sold merchandise for cash totaling $10,152, which includes 8% sales taxes