MOI other question wi Save the response Questions On Dec 2020, ABC Trading Co. borrowed $300,000 for 90 days at 5% by signing a note while on the same Required: (1) Record the adjusting journal entry on 31 Dec. 2020. (2) Record the journal entry for the payment of the note at its maturity date. B. A Ahmed's Co offers warrant of two years on parts of machines. In 2020 the company old machines for 5210.000. In the light of its putes, sales. During 2020, the company used $10,500 of parts inventory to repair the machine. Required: (1) Prepare the journal entry to record ONLY the warranty liability in 2020. (2) How much is the amount of warranty liability on December 31, 2020 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). A Arial BI y S Paragraph LI VE 10pt X X B v !!! v - +] ne mount 2,000. In the light of its past experience, Ahmed's Co. estimated the needed warranty expense quals to do A v > Q5 ) E 9 3 H