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borrowed 900,000 for 90 days at 5% by signing a note payable on the same amount A On 1 Dec 2030, AC Trading Co. bemowe

borrowed 900,000 for 90 days at 5% by signing a note payable on the same amount
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A On 1 Dec 2030, AC Trading Co. bemowe 3800,000 to 10 days at 5% by bring a relin paytlo on the same amount Required (1) Record the adjusting journal entry on 31 Dec. 2020 (2) Record the journal entry for the payment of the note ata maturity date 1. Almeda Co offers wanart of tee years on parts of machines. In 2000 the company told machines for $400,000. In the light of itu past experience, Amets Cocimated to send warurtyaret osofia dollar sales. During 2020, the company and $11,500 of parts inventory to repair the machine Required (1) Prepare the joumal entry to record ONLY the warranty liability in 2020 (2) How much is the amount of warranty billy on December 31, 2020 For the toolbar, press AT-F10(POOR ALTENF10 Mad. BILS Paragraph Arial 10pt A IXO 6 xx, Te T 11 ~ 2

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