on January 1 2017, the ledger of accardo company contains the following liability accounts accounts payable 52,000 hst payable 7,700 unearned revenue 16,000 during January the following selected occurred. Jan 2 borrowed 27,000 from Canada bank on a three- month, 6%, 27,000 note. Jan 5 sold merchandise for cash totalling 20,500 plus 13% hat Jan 12 performed service for customers who had made advance payments of 10,000. the payments included hst of 1,151( credit service revenue) jan 14 paid receiver general for hst invoices in December 2016(7,700) jan 20 sold 900 units of new product on credit at 50 per unit. plus 13% hst. this new product is subject to a one-year warranty jan 25 sold merchandise for cash totalling 12,500 plus 13% hat

a) journalize the January transaction b) journalize 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. c) prepare the current liabilities section of the balance sheet at January 31, 2017. assume no change in accounts payable.