On January 1, 2015, the ledger of Accardo Company contains the following liability accounts. $54,540 8,980 15,710 Accounts Payable Sales Taxes Payable Unearned Service Revenue During January, the following selected transactions occurred Jan. 5 Sold merchandise for cash totaling $18,576, which includes 8% sales taxes. 12 14 20 21 25 Performed services for customers who had made advance payments of $10,900. (Credit Service Revenue.) Paid state revenue department for sales taxes collected in December 2014 ($8,980) Sold 850 units of a new product on credit at $50 per unit, plus 8% sales tax. Borrowed S27,000 from Girard Bank on a 3-month, 8%, $27,000 note Sold merchandise for cash totaling $10,800, 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 Debit Credit Jan. 5 an. 12 Jan. 14 Jan. 20 Jan. 21 Jan. 25 Journalize the adjusting entres at January 31 for the outstanding notes payable. Hint: Use one-third of manually.) month for the Girard Bank note (Credit account titles are outomatical y m ented when amount is entered. Do not indent Journalize the adjusting entries at January 31 for the outstanding notes payable. (Hint: Use one-third of a month for the Girard Bank note.) (Credit account titles are automatically indented when amount is entered. Do not inden manually.) Date Account Titles and Credit Debit 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, 2014