Eestion 8 Son A. (3 Grades) On November 1, 2020, Sadiq Co. borrowed $400,000 for 90 days at 9% by signing a note. Assume that the face value of the note equals the principal of the loan. Required: (1) The needed adjusting journal entry on 31 Dec. 2020. (2) The journal entry to record the payment of the note maturity date B. (2 Grades) Isa Town Co. offers a two-year warranty on parts of equipments. In 2019 the company sales were $350,000. Based on its past experience, the company ested the seeded to 5% of its sales. During 2019, the company used $7.500 of parts inventory to repair the equipment. Required: (1) . much is the amount of warranty liability on December 31, 2019 For the toolbar.press ALT+F10 (PC) or ALT+FN+F10 (Mac). y S Paragraph Arial 14px V iii 4 Ioasa