Hi, This question is presented in 2 parts. Please find below. Thank you Problem 10-1A On January 1, 2015, the ledger of Accardo Company contains

Question

43 users unlocked this solution today!

Hi,

This question is presented in 2 parts. Please find below.

Thank you

Problem 10-1A On January 1, 2015, the ledger of Accardo Company contains the following liability accounts. Accounts Payable Sales Taxes Payable unearned Service Revenue During January, the following selected transactions occurred. $54,940 8,8go 15,820 Jan. 5 12 14 20 21 25 Sold merchandise for cash totaling $16,524, which includes 8% sales taxes. Performed services for customers who had made advance payments of $10,340. (Credit Service Revenue.) Paid state revenue department for sales taxes collected in December 2014 ($8,8go). Sold 850 units of a new product on credit at $50 per unit, plus 8% sales tax. Borrowed $27,000 from Girard Bank on a 3-month, 8%, $27,000 note. Sold merchandise for cash totaling $9,288, which includes 8% sales taxes. Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account and Explanation Jan. 5 Jan. 12 Jan. 14 Jan. 20 Jan. 21 Jan. 25 Debit Credit