On January 1, 2017, the ledger of Accardo Company contains the following liability accounts.

Accounts Payable$53,400Sales Taxes Payable8,600Unearned Service Revenue16,800

During January, the following selected transactions occurred.

Jan. 5Sold merchandise for cash totaling $20,520, which includes8% sales taxes.12Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.)14Paid state revenue department for sales taxes collected in December 2016 ($8,600).20Sold860units of a new product on credit at $50per unit, plus8% sales tax.21Borrowed $24,750from Girard Bank on a3-month,8%, $24,750note.25Sold merchandise for cash totaling $12,420, which includes8% sales taxes.

(a)

Your answer is partially correct.Try again.Journalize the January transactions