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On January 1, 2020, the ledger of Sheffield Company contains the following liability accounts. During January, the following selected transactions occurred. Jan. Sold merchandise for

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On January 1, 2020, the ledger of Sheffield Company contains the following liability accounts. During January, the following selected transactions occurred. Jan. Sold merchandise for cash totaling $20,520, which includes 8% sales takes. 5 12 Performed services for customers who had made advance payments of $12,000. (Credit 5 ervice Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019 ($7,300) 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 $24,750 from Girard Bark on a 3-month, 8\%, $24,750 note. 25. Sold merchandise for cash totaling $10,368, which includes 8% sales taxes. Journalize the January transactions. (Credit account titles are outometically indented when amount is entered. Do not indent manualiy. Record journal entries in the order presented in the problem.) eTextbook and Media Assistance Used List of Accounts Save for Later Last saved 22 seconds ago. Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c)

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