On January 1, 2022, the ledger of Crane Compary contains these liability accounts. During Janwary, these selected transactions occurred, Jan, 5 Sold merchandise for cash totaling $20.520, which includes 896 sales taxes. 12. Performed services for customers who had made advance payments of $11.000. (Cred t Service Reverue.) 14 Paid state revenue department for sales taxes collected in December 2021(57.400}. 20 Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. This new groduct is subject to a t-year warranty. 21 Borrowed $24.750 from Cirard tlank ona 34month. 85.$24.750 note: 25 Sold merchandise for cash totaline 58,208 , which includes by sales taxes. Journalize the adjusting entries at January 31 for (1) the outstanding notes payable, and (2) estimated warranty liability, assuming warranty costs are expected to equal 7% of sales of the new product. (Hint: Use one-third of a month for the Girard Banknote.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)