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gnment Question 2 of 3 > - / 10 On January 1, 2021, the ledger of Sunland Company contains the following liability accounts. $58.200 Accounts
gnment Question 2 of 3 > - / 10 On January 1, 2021, the ledger of Sunland Company contains the following liability accounts. $58.200 Accounts Payable HST Payable Unearned Revenue 8,600 17.900 During January, the following selected transactions occurred. Jan. 2 5 12 Borrowed $30,000 from Canada Bank on a three month, 6%, $30,000 note. Sold merchandise for cash totalling $23,000 plus 13% HST.Ignore any cost of goods sold entry Performed services for customers who had made advance payments of $11.200. The payment included HST of $1.289. (Credit Service Revenue.) Paid Receiver Generalfor HST invoiced in December 2020 ($8,6001. Sold 1.010 units of a new product on credit at $60 per unit, plus 13% HST. 20 This new product is subject to a one-year warranty e to search o 25C RI Question 2 of 3 - / 10 12 14 Performed services for customers who had made advance payments of $11,200. The payment included HST of $1,289. (Credit Service Revenue.) Paid Receiver General for HST invoiced in December 2020 ($8,600). Sold 1.010 units of a new product on credit at $60 per unit, plus 13% HST. This new product is subject to a one-year warranty. Sold merchandise for cash totalling $14,000 plus 13% HST. 20 25 (a) Your Answer Correct Answer Journalize the January transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Debit Date Account Titles and Explanation o Credit 25C (a) Your Answer Correct Answer Journalire the January transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record Journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit search o E 99 25C 02 Question 2 of 3 -710 E > aestion 2 of 3 -/10 E e Textbook and Media Solution List of Accounts Attempts: unlimited Submit Answer Sve for Later (b) The parts of this cuestion must be completed in order. This part will be available when you complete the part above. 25C O TI 9
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