On January 1, 201?, the ledger oi Sandhill Company contains the following liability accounts. Accounts Payable $42,800 HST Payable 2,100 Unearned Revenue 14,?00 During January, the following selected transactions occurred. Jan. 2 Borrowed $25,000 from Canada Bank on a three-month, 6%, $25,000 note. 5 Sold merchandise for cash totalling $18,900 plus 13% HST. Performed services for customers who had made advance payments of $9,200. The payment included HST of $1,059. {Credit Service Revenue.) 14 Paid Receiver General for HST invoiced in December 2016 ($2,100). 20 Sold 830 units of a new product on credit at $50 per unit, plus 13% HST. This new product is subject to a oneyear warranty. 25 Sold merchandise for cash totalling $11,500 plus 13% HST 12 Journalize the January transactions. If Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No En try\" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the probiem.) Date Amount Tltles and Explanation Debit Credit vii ll ii i \fJournalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty liability, assuming warranty costs are expected to equal 7% of sales of the new product sold January 20. (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 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit (1) 31 (2) 31 Prepare the current liabilities section of the balance sheet at January 31, 2017. Assume no change in accounts payable. SANDHILL COMPANY (Partial) Balance Sheet January 31, 2017 $