On January 1, 2020, the ledger of Accardo Company contains the following liability accounts. Accounts Payable $52,000 Sales Taxes Payable 7,700 Uneared 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 2019 ($7,700). 20 Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1-year warranty 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. Journalize the January transactions. (Credit account tities are automatically indented when amount is entered. Do not Indent manual presented in the problem.) Joumore the adjusting entries at January 31 for (1) the outstanding notes payable, and (?) estimated warranty ability, assuming warranty costs are expected to equato the new product. ont: Use one-third of month for the Girard Bank note:) (Credit account ites are automatically indented when amount is entered, De not indent many Record journal entries in the order presented in the problem) No. Date Account Titles and Explanation Det Credit 1 Jan 31st 50 Jan interest Expense Prepare the current liabilities section of the balance sheet at January 31, 2020. Assume no change in accounts payable. Accardo Company Balance Sheet (Partial) $