On January 1, 2015, the ledger of Accardo Company contains the following liability accounts. Accounts Payable $52,000 Sales Taxes Payable 7, 700 Unearned Service Revenue 16,000 During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20, 520, which includes 8% sales taxes. 12 Performed services for customers who had made advance payments of $10,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2014 ($7, 700). 20 Sold 900 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 $12, 420, which includes 8% sales taxes. (a) Journalize the January transactions. (b) Journalize the adjusting entry at January 31 for the outstanding note payable. (c) Prepare the current liabilities section of the balance sheet at January 31, 2015. Assume no change in accounts payable