On January 1, 2020, the ledger of Waterway Luggage contains the following liability accounts (amounts in thousands Accounts Payable Sales Taxes Payable NT$54,000 7,200 Unearned Service Revenue 16,500 During January, the following selected transactions occurred. Jan Sold merchandise for cash totaling NT$20,520, which includes 8% sales taxes. 5 12 Performed services for customers who had made advance payments of NT$11.000. (Credit Service 14 Revenue) Paid revenue department for sales taxes collected in December 2019 (NT$7,200) 20 Sold 900 units of a new product on credit at NT$50 per unit, plus 8% sales tax. This new product is subject to a 1-year warranty 21 22 Borrowed NT$31,500 from First National Bank on a 3-month, 8%, NT$31,500 note 25 Sold merchandise for cash totaling NT$9,936, which includes 8% sales taxes Journalize the January transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit