Journalize the January transactions.

On January 1, 2019, the ledger of Concord Corporation contains the following liability accounts. Accounts Payable Sales Taxes Payable $56,300 7,100 16,300 Unearned Service Revenue During January, the following selected transactions occurred. Jan. 5 12 14 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. Performed services for customers who had made advance payments of $11,500. (Credit Service Revenue.) Paid state revenue department for sales taxes collected in December 2018 ($7,100). Sold 980 units of a new product on credit at $50 per unit, plus 8% sales tax. Borrowed $22,500 from Girard Bank on a 3-month, 8%, $22,500 note. Sold merchandise for cash totaling $12,420, which includes 8% sales taxes. 20 21 25 Date Account Titles and Explanation Debit Credit - -1