On January 1, 2020, the ledger of Tamarisk, Inc. contains the following liability accounts. Accounts Payable Sales Taxes Payable $56,200 7,300 Unearned Service Revenue 16,400 During January, the following selected transactions occurred. Jan. Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 5 12 Performed services for customers who had made advance payments of $10,500. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2019 ($7,300). 20 Sold 890 units of a new product on credit at $50 per unit, plus 8% sales tax 21 Borrowed $31,500 from Girard Bank on a 3-month, 8%, $31,500 note. 25 Sold merchandise for cash totaling $12.420, which includes 8% sales taxes.