On January 1, 2022. the ledger of Sheffield Company contains these liability accounts. Accounts Payable $51,500 Sales Taxes Payable 7,300 Unearned Service Revenue 17.000 During January, these 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 $12,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2021 ($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 Bank on a 3-month, 8%, $24.750 note. 25 Sold merchandise for cash totaling $10,368, which includes 8% sales taxes, On January 1, 2022. the ledger of Sheffield Company contains these liability accounts. Accounts Payable $51,500 Sales Taxes Payable 7,300 Unearned Service Revenue 17.000 During January, these 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 $12,000. (Credit Service Revenue.) 14 Paid state revenue department for sales taxes collected in December 2021 ($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 Bank on a 3-month, 8%, $24.750 note. 25 Sold merchandise for cash totaling $10,368, which includes 8% sales taxes