On January 1, 2015, the ledger of Accardo Company contains the following liability accounts.

Accounts Payable$54,470Sales Taxes Payable8,490Unearned Service Revenue16,680

During January, the following selected transactions occurred.

Jan. 5Sold merchandise for cash totaling $16,200, which includes8% sales taxes.12Performed services for customers who had made advance payments of $11,490. (Credit Service Revenue.)14Paid state revenue department for sales taxes collected in December 2014 ($8,490).20Sold800units of a new product on credit at $50per unit, plus8% sales tax.21Borrowed $27,000from Girard Bank on a3-month,8%, $27,000note.25Sold merchandise for cash totaling $10,908, which includes8% sales taxes.

Journalize the adjusting entries at January 31 for the outstanding notes payable. (Hint: Use one-third of a month for the Girard Bank note.) (C Date Account Titles and Explanation Debit Credit Jan. 31 Prepare the current liabilities section of the balance sheet at January 31, 2015. Assume no change in accounts payable. Accardo Company Balance Sheet (Partial) January 31, 2014On January 1, 2015, the ledger of Accardo Company contains the following liability accounts. Accounts Payable $54,470 Sales Taxes Payable 8,490 Unearned Service Revenue 16,680 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $16,200, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $11,490. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2014 ($8,490). 20 Sold 800 units of a new product on credit at $50 per unit, plus 8% sales tax. 21 Borrowed $27,000 from Girard Bank on a 3-month, 8%, $27,000 note. 25 Sold merchandise for cash totaling $10,908, 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 Titles and Explanation Debit Credit Jan. 5 Jan. 12 Jan. 14 Jan. 20 Jan. 21 Jan. 25